Post Utme Pan Atlantic University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 500 debentures of ₦100 each at a premium of ₦20 per debenture. If the company receives a cash payment of ₦50,000, what is the total amount received from the issue of debentures?

Answer Options

A. ₦50,000
Correct Answer B. ₦55,000
C. ₦60,000
D. ₦65,000
Correct Answer
B
Correct Option:
₦55,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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