Post Utme Skyline University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_SKYLINE_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. ₦475,000
Correct Answer B. ₦475,500
C. ₦476,000
D. ₦476,500
Correct Answer
B
Correct Option:
₦475,500

About This Question

This is Post Utme Skyline University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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