Post Utme Noun 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Noun Accounting examination.

Post Utme Noun 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2022 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a discount of 5%. The debentures are redeemable at the end of 5 years. Calculate the annual amortization of the discount.

Answer Options

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

About This Question

This is Post Utme Noun 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Noun Accounting examination.

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