Post Utme Abu 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the debenture holders.

Answer Options

A. ₦95,000
Correct Answer B. ₦95,500
C. ₦96,000
D. ₦96,500
Correct Answer
B
Correct Option:
₦95,500

About This Question

This is Post Utme Abu 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

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