Post Utme Christopher University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a discount of ₦5 per debenture. The issue expenses were ₦10,000. Calculate the amount of debenture capital and the amount of discount on debentures.

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 Christopher University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Christopher 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