Post Utme Unilorin 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNILORIN • 2021 • 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 at a discount of ₦5 per debenture. What is the total amount received from the issue of shares and debentures?

Answer Options

A. ₦15,500
B. ₦16,000
Correct Answer C. ₦16,500
D. ₦17,000
Correct Answer
C
Correct Option:
₦16,500

About This Question

This is Post Utme Unilorin 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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