Post Utme Mountain Top University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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