Post Utme Ksu 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_KSU • 2021 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦100 each at a premium of ₦10 per share. Calculate the total amount received from the issue of these debentures.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,100,000
C. ₦1,200,000
D. ₦1,300,000
Correct Answer
B
Correct Option:
₦1,100,000

About This Question

This is Post Utme Ksu 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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