Post Utme Delsu 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

A company issued 5,000 debentures of £ 100 each at a premium of £ 10 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

A. £ 500,000
Correct Answer B. £ 550,000
C. £ 600,000
D. £ 650,000
Correct Answer
B
Correct Option:
£ 550,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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