Post Utme Igbinedion University 2017 Accounting Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Igbinedion University Accounting examination.
A company's balance sheet as at 31st December 2016 is as follows: | Assets | ₦ | Liabilities | ₦ | Capital | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | Share Capital | 50,000 | | Office Equipment | 30,000 | Creditors | 15,000 | Profit | 20,000 | | Investments | 40,000 | | | | | | | | | | | If the company issues 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share, and also issues 5,000 ₦ 100 debentures at 5% interest, what will be the new balance sheet?
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This is Post Utme Igbinedion University 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.
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