Post Utme Bowen University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a premium of ₦20 per debenture. If the company received a total of ₦1,200,000, what is the amount of debenture capital?

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Bowen University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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