Post Utme Madonna University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MADONNA_UNIVERSITY • 2017 • 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 and ₦25,000
B. ₦475,000 and ₦20,000
C. ₦475,000 and ₦30,000
D. ₦475,000 and ₦35,000
Correct Answer
A
Correct Option:
₦475,000 and ₦25,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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