Post Utme Babcock University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

Correct Answer A. ₦950,000
B. ₦1,000,000
C. ₦1,050,000
D. ₦1,100,000
Correct Answer
A
Correct Option:
₦950,000

About This Question

This is Post Utme Babcock University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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