Post Utme Abu 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

Correct Answer A. ₦475,000
B. ₦475,500
C. ₦480,000
D. ₦485,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Abu 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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