Post Utme Pan Atlantic University 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦5. Calculate the total amount received from the issue of debentures.

Answer Options

A. ₦500,000
B. ₦525,000
C. ₦550,000
Correct Answer D. ₦575,000
Correct Answer
D
Correct Option:
₦575,000

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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