Post Utme Unilag 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Unilag Accounting examination.

Post Utme Unilag 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The shares were subscribed for by the public for ₦ 120,000. The company also issued 5% debentures of ₦ 10,000 each at 5% discount. Prepare the share capital account and debenture account.

Answer Options

Correct Answer A. ₦120,000
B. ₦120,000
C. ₦120,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Unilag 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Unilag Accounting examination.

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