Post Utme Greenfield University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦1,000 each at a discount of 5%. If the company received ₦9,500,000 from the sale of these debentures, what is the total amount of discount?

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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