Post Utme Bsu 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company issued 5,000 9% debentures of ₦100 each at a discount of 5%. The debentures are redeemable after 5 years. Calculate the annual charge for interest and the amount of the discount.

Answer Options

A. ₦45,000; ₦50,000
B. ₦40,000; ₦45,000
C. ₦50,000; ₦55,000
Correct Answer D. ₦45,000; ₦50,000
Correct Answer
D
Correct Option:
₦45,000; ₦50,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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