Post Utme Babcock University 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a discount of 5%. Prepare the journal entry for the issue of debentures.

Answer Options

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

About This Question

This is Post Utme Babcock University 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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