Post Utme Osustech 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦10 per debenture. If the company receives ₦500,000 in cash, what is the amount received from the issue of debentures?

Answer Options

Correct Answer A. ₦500,000
B. ₦450,000
C. ₦400,000
D. ₦550,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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