Post Utme Lasu 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a premium of ₦10 per debenture. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦500,000
B. ₦550,000
Correct Answer C. ₦600,000
D. ₦650,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Lasu 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