Post Utme Igbinedion University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a premium of ₦20 per debenture. The debentures were sold for ₦120 each. Calculate the total amount received from the sale of debentures.

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.

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