Post Utme Ims U 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company issued 5,000 shares of ₦ 1 each at a premium of ₦ 2 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. ₦ 60,000
B. ₦ 70,000
Correct Answer C. ₦ 80,000
D. ₦ 90,000
Correct Answer
C
Correct Option:
₦ 80,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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