Post Utme Lasu 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦100 each at a discount of 5%. The issue expenses were ₦15,000. Prepare the journal entry to record the issue of debentures.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,015,000
C. ₦1,020,000
D. ₦1,025,000
Correct Answer
B
Correct Option:
₦1,015,000

About This Question

This is Post Utme Lasu 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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