Post Utme Madonna University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦1,000 each at a discount of 5%. If the company receives a total of ₦4,500,000, what is the amount received from the issue of debentures?

Answer Options

A. ₦4,250,000
Correct Answer B. ₦4,500,000
C. ₦4,750,000
D. ₦5,000,000
Correct Answer
B
Correct Option:
₦4,500,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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