Post Utme Madonna University 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a debenture with a face value of ₦100,000 and a redemption value of ₦80,000. If the company issues the debenture at a discount of 10%, what is the amount received from the debenture?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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