Post Utme Wellspring University 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦500,000
Correct Answer B. ₦510,000
C. ₦520,000
D. ₦530,000
Correct Answer
B
Correct Option:
₦510,000

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

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