Post Utme Ksu 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦ 100 each at a premium of ₦ 10 per debenture. The debentures were sold for ₦ 110 each. Calculate the amount received from the sale of debentures.

Answer Options

A. ₦ 550,000
B. ₦ 600,000
Correct Answer C. ₦ 650,000
D. ₦ 700,000
Correct Answer
C
Correct Option:
₦ 650,000

About This Question

This is Post Utme Ksu 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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