Post Utme Unilag 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNILAG • 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. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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