Post Utme Covenant University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦9,500,000
B. ₦9,900,000
C. ₦10,000,000
D. ₦10,500,000
Correct Answer
A
Correct Option:
₦9,500,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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