Post Utme Lead City University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the total amount received from the debenture holders.

Answer Options

A. ₦95,000
Correct Answer B. ₦95,500
C. ₦96,000
D. ₦96,500
Correct Answer
B
Correct Option:
₦95,500

About This Question

This is Post Utme Lead City University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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