Post Utme Aaua 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each. If the company pays an annual interest of ₦5 per debenture, what is the total interest paid on the debentures?

Answer Options

A. ₦25
Correct Answer B. ₦50
C. ₦100
D. ₦200
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Aaua 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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