Post Utme Igbinedion University 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦ 900,000
Correct Answer B. ₦ 950,000
C. ₦ 1,000,000
D. ₦ 1,050,000
Correct Answer
B
Correct Option:
₦ 950,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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