Post Utme Joseph Ayo Babalola University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% 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

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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