Post Utme Christopher University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 10% debentures of ₦100 each at a discount of 5%. If the company issues 1,000 debentures, calculate the amount received from the issue of debentures.

Answer Options

Correct Answer A. ₦95,000
B. ₦95,500
C. ₦96,000
D. ₦96,500
Correct Answer
A
Correct Option:
₦95,000

About This Question

This is Post Utme Christopher University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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