Post Utme Bells University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦900,000
B. ₦950,000
Correct Answer C. ₦1,000,000
D. ₦1,050,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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