Post Utme Ui 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company issues 1,000, 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. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Ui 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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