Post Utme Delsu 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Delsu Accounting examination.

Post Utme Delsu 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_DELSU • 2017 • ACCOUNTING • objective

A company issues 1,000 debentures of ₦100 each at a premium of ₦10 per debenture. The proceeds from the issue of debentures amount to ₦120,000. What is the amount of debenture capital?

Answer Options

A. ₦100,000
B. ₦110,000
Correct Answer C. ₦120,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Delsu 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support