Post Utme Uniport 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company issued 5,000, 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

Correct Answer A. ₦50,000
B. ₦25,000
C. ₦12,500
D. ₦62,500
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Uniport 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