Post Utme Ims U 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The company also issued 5,000 ₦ 100 debentures at 5% interest. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 120,000
B. ₦ 130,000
C. ₦ 140,000
Correct Answer D. ₦ 150,000
Correct Answer
D
Correct Option:
₦ 150,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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