Post Utme Futo 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company issues 1,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the issue of debentures.

Answer Options

A. ₦90,000
Correct Answer B. ₦95,000
C. ₦100,000
D. ₦105,000
Correct Answer
B
Correct Option:
₦95,000

About This Question

This is Post Utme Futo 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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