Post Utme Bsu 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Bsu Accounting examination.

Post Utme Bsu 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2019 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 divided into 10,000 shares of ₦100 each. If the company issues 5,000, 5% debentures of ₦100 each, what is the amount of interest payable annually?

Answer Options

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

About This Question

This is Post Utme Bsu 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Bsu Accounting examination.

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