Post Utme Redeemers University 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a discount of 5%. The debentures are redeemable after 5 years. Calculate the amount of discount on the debentures.

Answer Options

A. ₦250,000
B. ₦500,000
Correct Answer C. ₦750,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦750,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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