Post Utme Uniport 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a discount of 5%. The company pays an annual interest of ₦45,000. Calculate the amount of discount on the debentures.

Answer Options

Correct Answer A. ₦50,000
B. ₦45,000
C. ₦40,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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