Post Utme Lasu 2022 Accounting Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LASU • 2022 • ACCOUNTING • objective

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

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,050,000
C. ₦1,100,000
D. ₦1,150,000
Correct Answer
B
Correct Option:
₦1,050,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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