Post Utme Igbinedion University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 5,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount of discount on the debentures.

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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