Post Utme Bells University 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice

Question 19 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 5,000, 12% debentures of ₦50 each at a premium of 5%. Calculate the total premium received.

Answer Options

A. ₦12,500

B. ₦25,000

Correct Answer C. ₦37,500

D. ₦50,000

Correct Answer

Correct Option:

₦37,500

About This Question

This is Post Utme Bells University 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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