Post Utme Greenfield University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦10 each at a discount of ₥0.50 per debenture. The debentures were subscribed for by the public for ₥0,000,000. Calculate the amount received from the public for the debentures issued.

Answer Options

A. ₥0.50
B. ₥0,000,000
Correct Answer C. ₥0,050,000
D. ₥0,050,500
Correct Answer
C
Correct Option:
₥0,050,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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