Post Utme Lead City University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • 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

A. ₦400,000
Correct Answer B. ₦450,000
C. ₦500,000
D. ₦550,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Lead City University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Lead City University Accounting examination.

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