Post Utme Bowen University 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BOWEN_UNIVERSITY • 2025 • 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. ₦950,000
B. ₦975,000
Correct Answer C. ₦1,000,000
D. ₦1,025,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support