Post Utme Mountain Top University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the issue of debentures.

Answer Options

A. ₦90,000
Correct Answer B. ₦95,000
C. ₦100,000
D. ₦105,000
Correct Answer
B
Correct Option:
₦95,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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