Post Utme Uniport 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦1,000 each at a discount of 5%. The total amount received from the issue of debentures is ₦9,500,000. Calculate the amount of debenture capital and the amount of debenture discount.

Answer Options

A. ₦9,500,000
Correct Answer B. ₦9,750,000
C. ₦10,000,000
D. ₦10,250,000
Correct Answer
B
Correct Option:
₦9,750,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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