Post Utme Ims U 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_IMS_U • 2019 • 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. ₦450,000
Correct Answer B. ₦475,000
C. ₦500,000
D. ₦525,000
Correct Answer
B
Correct Option:
₦475,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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