Post Utme Ui 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a premium of ₦50 per debenture. If the debentures were sold for ₦1,100 each, calculate the total amount received from the sale of debentures.

Answer Options

A. ₦5,500,000
B. ₦6,000,000
Correct Answer C. ₦6,500,000
D. ₦7,000,000
Correct Answer
C
Correct Option:
₦6,500,000

About This Question

This is Post Utme Ui 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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