Post Utme Redeemers University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000 debentures of ₦ 100 each at a discount of ₦ 5 per debenture. The company's debenture account was credited with ₦ 450,000. What is the amount of the discount on the debentures?

Answer Options

A. ₦ 25,000
B. ₦ 30,000
Correct Answer C. ₦ 35,000
D. ₦ 40,000
Correct Answer
C
Correct Option:
₦ 35,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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