Post Utme Esut 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. The company also issued 5,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from share and debenture holders.

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,200,000
C. ₦1,200,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Esut 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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