Post Utme Babcock University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦950,000
B. ₦975,000
Correct Answer C. ₦1,000,000
D. ₦1,025,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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