Post Utme Skyline University 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦100 each at a premium of 10%. Calculate the total premium received.

Answer Options

A. ₦100,000
B. ₦1,00,000
Correct Answer C. ₦1,000,000
D. ₦10,000,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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