Post Utme Crawford University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦1,050,000
Correct Answer B. ₦1,100,000
C. ₦1,150,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦1,100,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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