Post Utme Bowen University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5% debentures of ₦100 each at a discount of ₦5 per debenture. If the company received ₦450,000 from the issue of debentures, what is 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 Bowen University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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