Post Utme Summit University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦100 each at a discount of 5%. If the company receives a total of ₦450,000, what is the amount received from the issue of debentures?

Answer Options

A. ₦425,000
Correct Answer B. ₦450,000
C. ₦475,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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