Post Utme Unilorin 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a premium of ₦20 per debenture. If the company receives a total of ₦1,000,000, how much of the amount will be credited to the debenture account?

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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