Post Utme Coal City University 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from debenture holders.

Answer Options

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

About This Question

This is Post Utme Coal City University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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