Post Utme Elizade University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦5 per debenture. If the company receives a total of ₦525,000, what is the amount received from the issue of debentures?

Answer Options

Correct Answer A. ₦500,000
B. ₦520,000
C. ₦540,000
D. ₦560,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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