Post Utme Pan Atlantic University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦20 per debenture. If the company receives a total of ₦1,200,000, what is the amount received from the issue of debentures?

Answer Options

A. ₦1,000,000
B. ₦1,100,000
Correct Answer C. ₦1,200,000
D. ₦1,300,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support