Post Utme Pan Atlantic University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,050,000
C. ₦1,100,000
D. ₦1,150,000
Correct Answer
B
Correct Option:
₦1,050,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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