Post Utme Coal City University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • 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
Correct Answer B. ₦475,000
C. ₦500,000
D. ₦525,000
Correct Answer
B
Correct Option:
₦475,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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