Post Utme Eksu 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Eksu Accounting examination.

Post Utme Eksu 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_EKSU • 2017 • ACCOUNTING • objective

A company issued 5% debentures of ₦100 each at a premium of ₦20 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

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

About This Question

This is Post Utme Eksu 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Eksu Accounting examination.

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