Post Utme Ui 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The company also issues 500 debentures of ₦100 each. What is the total amount received from the issue of shares and debentures?

Answer Options

A. ₦15,500
B. ₦16,500
Correct Answer C. ₦17,500
D. ₦18,500
Correct Answer
C
Correct Option:
₦17,500

About This Question

This is Post Utme Ui 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support