Post Utme Afe Babalola University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • 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 annual charge for interest on the debentures.

Answer Options

A. ₦25,000
B. ₦50,000
Correct Answer C. ₦75,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Afe Babalola University 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