Post Utme Uniport 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The company also issued 5% debentures of ₦ 10,000. Calculate the amount of share capital and debenture capital.

Answer Options

A. ₦ 10,000
Correct Answer B. ₦ 20,000
C. ₦ 30,000
D. ₦ 40,000
Correct Answer
B
Correct Option:
₦ 20,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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