Post Utme Abu 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ABU • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦500,000
B. ₦550,000
Correct Answer C. ₦600,000
D. ₦650,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Abu 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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