Post Utme Babcock University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_BABCOCK_UNIVERSITY • 2021 • 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

A. ₦450,000
B. ₦475,000
Correct Answer C. ₦500,000
D. ₦525,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Babcock University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Babcock University Accounting examination.

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