Post Utme Nile University 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Nile University Accounting examination.

Post Utme Nile University 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_NILE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the issue of debentures.

Answer Options

A. ₦900,000
B. ₦950,000
Correct Answer C. ₦1,000,000
D. ₦1,050,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Nile University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Nile University Accounting examination.

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