Post Utme Crawford University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each on 1st January 2020. The debentures are redeemable at par after 5 years. Calculate the annual charge for the debentures.

Answer Options

A. ₦50,000
Correct Answer B. ₦50,000 per annum
C. ₦50,000 per annum for 5 years
D. ₦50,000 per annum for 10 years
Correct Answer
B
Correct Option:
₦50,000 per annum

About This Question

This is Post Utme Crawford University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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