Post Utme Futo 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2024 • 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
Correct Answer B. ₦975,000
C. ₦1,000,000
D. ₦1,025,000
Correct Answer
B
Correct Option:
₦975,000

About This Question

This is Post Utme Futo 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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