Post Utme Nile University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦ 475,000
B. ₦ 480,000
C. ₦ 485,000
D. ₦ 490,000
Correct Answer
A
Correct Option:
₦ 475,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support