Post Utme Futa 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2018 • 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 amount of discount on the debentures.

Answer Options

Correct Answer A. ₦250,000
B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Futa 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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