Post Utme Rhema University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 10% debentures of ₦100 each at a premium of ₦10 per debenture. If the company issues 1,000 debentures, calculate the total amount received from the issue of debentures.

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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