Post Utme Uniben 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIBEN • 2017 • ACCOUNTING • objective

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

Answer Options

A. ₦475,000
B. ₦500,000
Correct Answer C. ₦525,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦525,000

About This Question

This is Post Utme Uniben 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support