Post Utme Nile University 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦500,000
Correct Answer B. ₦525,000
C. ₦550,000
D. ₦575,000
Correct Answer
B
Correct Option:
₦525,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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