Post Utme Uniben 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company issued 5,000, 10% 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

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 Uniben 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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