Post Utme Aaua 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company issued 5,000, 12% debentures of ₦100 each at a premium of 10%. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦500,000
Correct Answer B. ₦520,000
C. ₦540,000
D. ₦560,000
Correct Answer
B
Correct Option:
₦520,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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