Post Utme Aaua 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company issued 10% debentures of ₦100,000 at a premium of ₦10,000. Calculate the annual interest payable.

Answer Options

A. ₦10,000
Correct Answer B. ₦11,000
C. ₦12,000
D. ₦13,000
Correct Answer
B
Correct Option:
₦11,000

About This Question

This is Post Utme Aaua 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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