Post Utme Unn 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company issued 10,000, 5% debentures of ₦100 each at a discount of 5%. The company also issued 5,000, 10% preference shares of ₦50 each at a premium of 10%. Calculate the total amount received from the issue of debentures and preference shares.

Answer Options

A. ₦1,500,000
B. ₦1,600,000
Correct Answer C. ₦1,700,000
D. ₦1,800,000
Correct Answer
C
Correct Option:
₦1,700,000

About This Question

This is Post Utme Unn 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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