Post Utme Rhema University 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 10,000, 10% 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 Rhema University 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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