Post Utme Elizade University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 5,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

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

About This Question

This is Post Utme Elizade University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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