Post Utme Futa 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company issued 10,000, 5% debentures of ₦100 each at a premium of 10%. Calculate the amount received from debenture holders.

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,100,500
C. ₦1,100,000
D. ₦1,100,500
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Futa 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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