Post Utme Esut 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company issued 5,000 shares of ₦ 1 each at a premium of ₦ 0.50 per share. The company also issued 1,000 debentures of ₦ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 55,000
B. ₦ 60,000
Correct Answer C. ₦ 65,000
D. ₦ 70,000
Correct Answer
C
Correct Option:
₦ 65,000

About This Question

This is Post Utme Esut 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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