Post Utme Lasu 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LASU • 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. ₦ 20,000
Correct Answer B. ₦ 30,000
C. ₦ 40,000
D. ₦ 50,000
Correct Answer
B
Correct Option:
₦ 30,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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