Post Utme Ims U 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company issues 10,000, 9% 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. ₦900,000
B. ₦950,000
C. ₦1,000,000
D. ₦1,050,000
Correct Answer
A
Correct Option:
₦900,000

About This Question

This is Post Utme Ims U 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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