Post Utme Caleb University 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 debentures of ₦100 each at 5% interest. Calculate the total interest payable on the debentures for the first year.

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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