Post Utme Eksu 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦475,000
B. ₦480,000
C. ₦485,000
D. ₦490,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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