Post Utme Elizade University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a discount of 5%. Calculate the total amount received from the issue of debentures.

Answer Options

Correct Answer A. ₦475,000
B. ₦450,000
C. ₦500,000
D. ₦525,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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