Post Utme Afe Babalola University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000, 9% debentures of ₦100 each at a premium of 10%. Calculate the amount received from debenture holders and the amount of premium.

Answer Options

A. ₦1,100,000
B. ₦1,150,000
Correct Answer C. ₦1,200,000
D. ₦1,250,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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