Post Utme Veritas University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of ₠ 10 each at a premium of ₠ 5 per share. The company also issued 2,000 10% debentures of ₠ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₠ 52,500
Correct Answer B. ₠ 55,000
C. ₠ 57,500
D. ₠ 60,000
Correct Answer
B
Correct Option:
₠ 55,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Veritas University Accounting examination.

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