Post Utme Noun 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company issued 10,000, 7% debentures of ₦100 each at a discount of 5%. Calculate the total amount received from the issue of these debentures.

Answer Options

A. ₦900,000
B. ₦1,000,000
Correct Answer C. ₦1,050,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Noun 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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