Post Utme Mountain Top University 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. Calculate the amount of discount on the debentures.

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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