Post Utme Igbinedion University 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦475,000
B. ₦480,000
C. ₦485,000
D. ₦490,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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