Post Utme Babcock University 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a discount of 5%. If the company receives a total of ₦450,000, calculate the amount received from the issue of debentures.

Answer Options

A. ₦425,000
Correct Answer B. ₦450,000
C. ₦475,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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