Post Utme Covenant University 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a capital of ₦500,000. It issues 10,000 9% debentures of ₦100 each at a premium of 5%. Calculate the amount received from debenture holders.

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 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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