Post Utme Redeemers University 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 5,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders and the amount of discount.

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 Redeemers University 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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