Post Utme Futa 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. The company also issues 5,000 debentures of ₦100 each. Prepare the journal entry to record the issue of shares and debentures.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Futa 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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