Post Utme Rsu 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company issues 5,000, 9% 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

Correct Answer A. ₦22,500
B. ₦25,000
C. ₦27,500
D. ₦30,000
Correct Answer
A
Correct Option:
₦22,500

About This Question

This is Post Utme Rsu 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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