Post Utme Ui 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company issued 5% debentures of ₦ 100 each at a discount of 5%. The debentures are redeemable after 5 years. Calculate the amount received from the issue of debentures.

Answer Options

A. ₦ 95,000
B. ₦ 96,000
Correct Answer C. ₦ 97,000
D. ₦ 98,000
Correct Answer
C
Correct Option:
₦ 97,000

About This Question

This is Post Utme Ui 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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