Post Utme Lautech 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A company issues 5,000, 10% debentures of ₦100 each at a premium of 10%. Calculate the total premium received.

Answer Options

Correct Answer A. ₦50,000
B. ₦50,000
C. ₦50,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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