Post Utme Madonna University 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦950,000
B. ₦1,000,000
Correct Answer C. ₦1,050,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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