Post Utme Uniben 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNIBEN • 2017 • ACCOUNTING • objective

A company issued 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the issue of debentures and the amount of discount on the debentures.

Answer Options

A. ₦950,000
B. ₦1,000,000
C. ₦1,050,000
Correct Answer D. ₦1,095,000
Correct Answer
D
Correct Option:
₦1,095,000

About This Question

This is Post Utme Uniben 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.

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