Post Utme Ui 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UI • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦950,000
Correct Answer B. ₦975,000
C. ₦1,000,000
D. ₦1,025,000
Correct Answer
B
Correct Option:
₦975,000

About This Question

This is Post Utme Ui 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

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