Post Utme Wellspring University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5,000 debentures of ₦1,000 each at a discount of 5%. If the company receives ₦4,500,000 in cash and issues 1,000 debentures to the promoter at ₦1,050 each, what is the total amount received from the issue of debentures?

Answer Options

A. ₦4,750,000
B. ₦4,850,000
Correct Answer C. ₦4,950,000
D. ₦5,050,000
Correct Answer
C
Correct Option:
₦4,950,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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