Post Utme Joseph Ayo Babalola University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

A. ₦950,000
Correct Answer B. ₦975,000
C. ₦1,000,000
D. ₦1,025,000
Correct Answer
B
Correct Option:
₦975,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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