Post Utme Eksu 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_EKSU • 2025 • 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 are credited to the 'Debenture Capital' account. What is the total amount credited to the 'Debenture Capital' account?

Answer Options

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

About This Question

This is Post Utme Eksu 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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