Post Utme Ksu 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Ksu Accounting examination.

Post Utme Ksu 2019 Accounting Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 0.50 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. ₦ 15,000
Correct Answer B. ₦ 20,000
C. ₦ 25,000
D. ₦ 30,000
Correct Answer
B
Correct Option:
₦ 20,000

About This Question

This is Post Utme Ksu 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Ksu Accounting examination.

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