Post Utme Lasu 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company issued 5,000 10% debentures of £ 100 each at a discount of £ 5 per debenture. Calculate the amount received from the issue of debentures.

Answer Options

A. £ 45,000
Correct Answer B. £ 50,000
C. £ 55,000
D. £ 60,000
Correct Answer
B
Correct Option:
£ 50,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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