Post Utme Caleb University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦1,000 each at a premium of ₦50 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Caleb University 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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