Post Utme Greenfield University 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦3 per share. The company also issued 5% debentures of ₦100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦550,000
Correct Answer B. ₦600,000
C. ₦650,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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