Post Utme Greenfield University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
Correct Answer B. ₦25,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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