Post Utme Abu 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company issued 10,000, 8% debentures of ₦50 each at a premium of 10%. Calculate the amount received from debenture holders and the amount of premium.

Answer Options

A. ₦500,000
Correct Answer B. ₦510,000
C. ₦520,000
D. ₦530,000
Correct Answer
B
Correct Option:
₦510,000

About This Question

This is Post Utme Abu 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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