Post Utme Ui 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UI • 2024 • ACCOUNTING • objective

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

Answer Options

A. ₦1,050,000
B. ₦1,050,000
C. ₦1,050,000
Correct Answer D. ₦1,050,000
Correct Answer
D
Correct Option:
₦1,050,000

About This Question

This is Post Utme Ui 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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