Post Utme Rhema University 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the debenture holders.

Answer Options

A. ₦95,000
B. ₦99,000
C. ₦100,000
Correct Answer D. ₦105,000
Correct Answer
D
Correct Option:
₦105,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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