Post Utme Pan Atlantic University 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a premium of 10%. Calculate the total amount received from debenture holders.

Answer Options

A. ₦100,000
Correct Answer B. ₦110,000
C. ₦120,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦110,000

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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