Post Utme Crawford University 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • 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. ₦25,000
B. ₦50,000
Correct Answer C. ₦75,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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