Post Utme Afe Babalola University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a premium of ₦50 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦50,000
B. ₦55,000
Correct Answer C. ₦60,000
D. ₦65,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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