Post Utme Esut 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company issues 1,000 debentures of ₦1,000 each at a premium of 5%. What is the total amount received from the sale of these debentures?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,050,000
C. ₦1,100,000
D. ₦1,150,000
Correct Answer
B
Correct Option:
₦1,050,000

About This Question

This is Post Utme Esut 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support