Post Utme Babcock University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000, 9% 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. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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