Post Utme Ui 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company issues 1,000 debentures of ₦100 each at a premium of ₦10 per debenture. What is the total amount received from the issue of debentures?

Answer Options

A. ₦100,000
B. ₦110,000
Correct Answer C. ₦120,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Ui 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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