Post Utme Aaua 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦ 100 each at a premium of ₦ 5 per debenture. The issue expenses were ₦ 20,000. Calculate the amount of debenture capital.

Answer Options

A. ₦ 1,000,000
Correct Answer B. ₦ 1,050,000
C. ₦ 1,100,000
D. ₦ 1,150,000
Correct Answer
B
Correct Option:
₦ 1,050,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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