Post Utme Afe Babalola University 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦100 each at a premium of 10%. Calculate the amount received from debenture holders.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,010,000
C. ₦1,020,000
D. ₦1,030,000
Correct Answer
B
Correct Option:
₦1,010,000

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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