Post Utme Ui 2019 Accounting Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦10 per debenture. If the company receives a total of ₦600,000, calculate the amount of premium received.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Ui 2019 Accounting Question 9. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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