Post Utme Mountain Top University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • 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 Mountain Top University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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