Post Utme Igbinedion University 2025 Accounting Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2025 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 ₡0 shares at a premium of ₠.50 per share. The company also issued 5,000 ₢0 debentures at 5% interest. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₡50,000
Correct Answer B. ₡60,000
C. ₡70,000
D. ₡80,000
Correct Answer
B
Correct Option:
₡60,000

About This Question

This is Post Utme Igbinedion University 2025 Accounting Question 3. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.

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