Post Utme Afe Babalola University 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 1 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the total amount received from debenture holders and the amount of discount on the debentures.

Answer Options

A. ₦950,000
Correct Answer B. ₦1,000,000
C. ₦1,050,000
D. ₦1,100,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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