Post Utme Wellspring University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. Calculate the total amount received from debenture holders.

Answer Options

A. ₦500,000
Correct Answer B. ₦1,000,000
C. ₦2,000,000
D. ₦5,000,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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