Post Utme Bowen University 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a premium of ₦10 per debenture. The debentures were issued for ₦120 each. Calculate the amount received from the issue of debentures.

Answer Options

A. ₦600,000
B. ₦650,000
C. ₦700,000
Correct Answer D. ₦750,000
Correct Answer
D
Correct Option:
₦750,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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