Post Utme Futa 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The company also issued 2,000 debentures of 100 each. Calculate the total amount of share capital and debenture capital.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Futa 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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