Post Utme Bowen University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000, 9% debentures of ₦100 each at a discount of 5%. Calculate the amount of discount on the debentures.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦90,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support