Post Utme Bells University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦10 each. The debentures are redeemable at par after 5 years. What is the annual amortisation of the debentures?

Answer Options

Correct Answer A. ₦10,000
B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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