Post Utme Wellspring University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • 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 ₦1,000 each at a discount of ₦50 per debenture. What is the total amount received from the issue of shares and debentures?

Answer Options

Correct Answer A. ₦6,500,000
B. ₦6,500,000
C. ₦6,500,000
D. ₦6,500,000
Correct Answer
A
Correct Option:
₦6,500,000

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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