Post Utme Uniben 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIBEN • 2020 • 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. ₦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 Uniben 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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