Post Utme Christopher University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 debentures of 100 each at a premium of 5 per debenture. The total amount received from the issue of debentures is 1,050,000. Calculate the amount of debenture capital and the amount of debenture premium.

Answer Options

A. ₦105,000
B. ₦120,000
Correct Answer C. ₦135,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦135,000

About This Question

This is Post Utme Christopher University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

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