Post Utme Bells University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 5,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount of discount and the amount received by the company.

Answer Options

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

About This Question

This is Post Utme Bells University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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