Post Utme Summit University 2024 Accounting Question 43

Practice objective / multiple choice question 43 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 43 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5% debentures of ₦ 10,000 each at a premium of ₦ 500. The issue expenses were ₦ 2,000. Calculate the amount received from the issue of debentures.

Answer Options

Correct Answer A. ₦ 52,500
B. ₦ 52,000
C. ₦ 51,500
D. ₦ 51,000
Correct Answer
A
Correct Option:
₦ 52,500

About This Question

This is Post Utme Summit University 2024 Accounting Question 43. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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