Post Utme Futo 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Futo 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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