Post Utme Nile University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000, 10% 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. ₦475,500
C. ₦475,000
D. ₦475,500
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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