Post Utme Unilag 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNILAG • 2024 • 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. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Unilag 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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