Post Utme Aaua 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a discount of 5%. What is the amount of cash received from the issue of debentures?

Answer Options

A. ₦475,000
B. ₦500,000
Correct Answer C. ₦525,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦525,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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