Post Utme Summit University 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Summit University 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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