Post Utme Coal City University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a discount of 5%. The total amount received from the issue of debentures is ₦4,500,000. Calculate the amount of discount.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Coal City 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