Post Utme Greenfield University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of 20%. The company also issued 5,000, 10% debentures of ₦100 each at a premium of 10%. Calculate the amount of premium to be written off in the first year.

Answer Options

A. ₦25,000
Correct Answer B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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