Post Utme Redeemers University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦1,000 each at a discount of 5%. Calculate the amount of debenture capital and the amount of discount.

Answer Options

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

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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