Post Utme Christopher University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5% debentures of ₦100,000 at a premium of 10%. Calculate the annual interest payable 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 Christopher University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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