Post Utme Summit University 2024 Accounting Question 46

Practice objective / multiple choice question 46 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 46 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 7% debentures of ₦ 15,000 each at a premium of ₦ 750. The issue expenses were ₦ 3,000. Calculate the amount received from the issue of debentures.

Answer Options

Correct Answer A. ₦ 104,250
B. ₦ 103,500
C. ₦ 102,750
D. ₦ 102,000
Correct Answer
A
Correct Option:
₦ 104,250

About This Question

This is Post Utme Summit University 2024 Accounting Question 46. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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