Post Utme Futo 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2021 • 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

A. ₦950,000
B. ₦1,000,000
Correct Answer C. ₦1,050,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Futo 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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