Post Utme Uniport 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2017 • 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
Correct Answer B. ₦1,050,500
C. ₦1,050,000
D. ₦1,050,500
Correct Answer
B
Correct Option:
₦1,050,500

About This Question

This is Post Utme Uniport 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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