Post Utme Ksu 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A company issues 5% debentures of ₦1,000 each at a premium of ₦50 per share. If the company receives a total of ₦50,000, what is the amount of premium received?

Answer Options

A. ₦2,000
B. ₦2,500
Correct Answer C. ₦3,000
D. ₦3,500
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Ksu 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support