Post Utme Nile University 2021 Accounting Question 29

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

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a premium of 5%. Calculate the amount received from debenture holders.

Answer Options

Correct Answer A. ₦1,050,000
B. ₦1,050,500
C. ₦1,051,000
D. ₦1,051,500
Correct Answer
A
Correct Option:
₦1,050,000

About This Question

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

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