Post Utme Futo 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦4,750,000
Correct Answer B. ₦4,875,000
C. ₦4,900,000
D. ₦4,925,000
Correct Answer
B
Correct Option:
₦4,875,000

About This Question

This is Post Utme Futo 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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