Post Utme Covenant University 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000, 12% debentures of ₦100 each at a discount of ₦5 per debenture. Calculate the total amount received from the issue of these debentures.

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 Covenant University 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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