Post Utme Futo 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of £ 1 each at a premium of £ 0.50 per share. The company also issued 2,000 £ 100 debentures at 5% interest. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. £ 6,250
B. £ 7,500
Correct Answer C. £ 8,750
D. £ 10,000
Correct Answer
C
Correct Option:
£ 8,750

About This Question

This is Post Utme Futo 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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