Post Utme Lasu 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦100 each at a discount of 5%. The debentures are redeemable after 5 years. Calculate the total discount received from the issue of these debentures.

Answer Options

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

About This Question

This is Post Utme Lasu 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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