Post Utme Futo 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

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

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 Futo 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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