Post Utme Covenant University 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a premium of 5%. Calculate the amount received from the debenture holders and the amount of premium on the debentures.

Answer Options

Correct Answer A. ₦1,050,000
B. ₦1,000,000
C. ₦950,000
D. ₦900,000
Correct Answer
A
Correct Option:
₦1,050,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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