Post Utme Rhema University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦100 each at a premium of 10%. Calculate the total amount received from the issue of debentures.

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,000,000
C. ₦1,050,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Rhema 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