Post Utme Skyline University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a premium of 10%. The company also issued 2,000, 12% debentures of ₦50 each at a discount of 5%. Calculate the total premium and discount on the debentures.

Answer Options

A. ₦10,000
B. ₦12,000
Correct Answer C. ₦15,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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