Post Utme Lead City University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦475,000
B. ₦480,000
C. ₦485,000
D. ₦490,000
Correct Answer
A
Correct Option:
₦475,000

About This Question

This is Post Utme Lead City University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Lead City University Accounting examination.

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