Post Utme Pan Atlantic University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 5,000, 10% debentures of ₦100 each at a discount of 5%. If the debentures are redeemable after 5 years, calculate the annual amortization of the discount.

Answer Options

A. ₦2,500
Correct Answer B. ₦3,125
C. ₦4,167
D. ₦5,000
Correct Answer
B
Correct Option:
₦3,125

About This Question

This is Post Utme Pan Atlantic University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Accounting examination.

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