Post Utme Esut 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The company also issued 10,000 ₦ 100 debentures at 5% interest. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 60,000
Correct Answer B. ₦ 65,000
C. ₦ 70,000
D. ₦ 75,000
Correct Answer
B
Correct Option:
₦ 65,000

About This Question

This is Post Utme Esut 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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