Post Utme Achievers University 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a discount of 5%. The debentures are redeemable at the end of 5 years. Calculate the amount of discount on the debentures.

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Achievers University 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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