Post Utme Abu 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a discount of ₦5 per debenture. If the company received ₦400,000 in cash, what is the amount of debenture issue?

Answer Options

A. ₦450,000
B. ₦475,000
Correct Answer C. ₦500,000
D. ₦525,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Abu 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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