Post Utme Elizade University 2017 Accounting Question 19

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

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000 debentures of ₦1,000 each at a premium of ₦50 per debenture. If the company receives a total of ₦1,500,000, calculate the amount of premium received.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

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

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