Post Utme Babcock University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 10% debentures of ₦100 each at a premium of 10%. If the company receives a sum of ₦1,000,000 from the debenture holders, calculate the amount of premium received.

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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