Post Utme Rhema University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦25,000
B. ₦50,000
Correct Answer C. ₦75,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support