Post Utme Caleb University 2018 Accounting Question 11

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

Post Utme Caleb University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2018 • ACCOUNTING • objective

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

Answer Options

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

About This Question

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