Post Utme Igbinedion University 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount received from the 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 Igbinedion University 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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