Post Utme Bells University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a premium of 10%. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦5,000,000
B. ₦5,500,000
Correct Answer C. ₦6,000,000
D. ₦6,500,000
Correct Answer
C
Correct Option:
₦6,000,000

About This Question

This is Post Utme Bells University 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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