Post Utme Oau 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each at a premium of ₦10 per share. The proceeds from the issue are used to pay off a loan of ₦150,000. Calculate the amount of debenture capital and the amount of debenture premium.

Answer Options

Correct Answer A. ₦5,000, ₦10,000
B. ₦10,000, ₦20,000
C. ₦15,000, ₦30,000
D. ₦20,000, ₦40,000
Correct Answer
A
Correct Option:
₦5,000, ₦10,000

About This Question

This is Post Utme Oau 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

View More Post Utme Oau 2024 Accounting Questions More Post Utme Oau Practice Questions Back to Questions

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