Post Utme Bells University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Bells University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support