Post Utme Abu 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a premium of ₦100 per debenture. The debentures were sold for ₦1,200 each. Calculate the total amount received from the sale of debentures.

Answer Options

A. ₦6,000,000
Correct Answer B. ₦7,000,000
C. ₦8,000,000
D. ₦9,000,000
Correct Answer
B
Correct Option:
₦7,000,000

About This Question

This is Post Utme Abu 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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