Post Utme Unilag 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 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
Correct Answer B. ₦475,500
C. ₦480,000
D. ₦485,000
Correct Answer
B
Correct Option:
₦475,500

About This Question

This is Post Utme Unilag 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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