Post Utme Elizade University 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a discount of 5%. The total amount received from the issue of debentures is ₦450,000. Calculate the amount of debenture capital and the amount of debenture discount.

Answer Options

Correct Answer A. ₦450,000
B. ₦400,000
C. ₦350,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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