Post Utme Ui 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦100 each at a premium of 5%. Calculate the amount received from debenture holders.

Answer Options

A. ₦1,050,000
Correct Answer B. ₦1,100,000
C. ₦1,150,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦1,100,000

About This Question

This is Post Utme Ui 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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