Post Utme Bowen University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5% debentures of ₦ 100 each at a premium of ₦ 10. The debentures are redeemable after 5 years. Calculate the annual charge on the debentures.

Answer Options

A. ₦ 5,000
Correct Answer B. ₦ 5,500
C. ₦ 6,000
D. ₦ 6,500
Correct Answer
B
Correct Option:
₦ 5,500

About This Question

This is Post Utme Bowen University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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