Post Utme Al Hikmah University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. The debentures are redeemable after 5 years. Calculate the amount of interest payable annually.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦12,500
D. ₦15,000
Correct Answer
C
Correct Option:
₦12,500

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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