Post Utme Joseph Ayo Babalola University 2022 Accounting Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each at a premium of ₦10 per debenture. What is the total amount received from the issue of debentures?

Answer Options

A. ₦500
B. ₦550
C. ₦600
Correct Answer D. ₦650
Correct Answer
D
Correct Option:
₦650

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 5. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

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