Post Utme Futa 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company issued 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the issue of debentures and the amount of discount.

Answer Options

Correct Answer A. ₦950,000 and ₦50,000
B. ₦990,000 and ₦5,000
C. ₦950,000 and ₦5,000
D. ₦990,000 and ₦50,000
Correct Answer
A
Correct Option:
₦950,000 and ₦50,000

About This Question

This is Post Utme Futa 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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