Post Utme Futa 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_FUTA • 2022 • 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

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

About This Question

This is Post Utme Futa 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support