Post Utme Pan Atlantic University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦10 each at a discount of 5%. The company receives ₦ 9,500 per debenture. What is the amount of discount on the debentures?

Answer Options

A. ₦ 10,000
B. ₦ 50,000
C. ₦ 1,00,000
Correct Answer D. ₦ 5,00,000
Correct Answer
D
Correct Option:
₦ 5,00,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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