Post Utme Igbinedion University 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 1 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each at a discount of 5%. Calculate the amount of discount and the amount of interest paid annually.

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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