Post Utme Afe Babalola University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each at a discount of 5%. The debentures are redeemable at the end of 5 years. Calculate the amount of interest to be paid annually.

Answer Options

A. ₦45,000
B. ₦50,000
Correct Answer C. ₦55,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦55,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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