Post Utme Joseph Ayo Babalola University 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • 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
B. ₦475,000
Correct Answer C. ₦500,000
D. ₦525,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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