Post Utme Greenfield University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

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

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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