Post Utme Igbinedion University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10% debentures of ₦ 1,000 each at a premium of ₦ 100 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦ 11,000
B. ₦ 11,500
Correct Answer C. ₦ 12,000
D. ₦ 12,500
Correct Answer
C
Correct Option:
₦ 12,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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