Post Utme Wellspring University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦100 each at a premium of ₦10 per debenture. The debentures were issued at a discount of ₦5 per debenture. Calculate the amount received from the public and the amount paid up by the debenture holders.

Answer Options

A. ₦475,000
B. ₦485,000
Correct Answer C. ₦495,000
D. ₦505,000
Correct Answer
C
Correct Option:
₦495,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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