Post Utme Caleb University 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
Correct Answer B. ₦25,000
C. ₦12,500
D. ₦62,500
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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