Post Utme Igbinedion University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 debentures of ₦1,000 each at a premium of 10%. If the company receives a total of ₦1,100,000, what is the amount received from the issue of debentures?

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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