Post Utme Mountain Top University 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • 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 on the debentures.

Answer Options

Correct Answer A. ₦475,000
B. ₦450,000
C. ₦500,000
D. ₦525,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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