Post Utme Elizade University 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 10,000, 10% debentures of ₦100 each at a premium of 10%. The debentures are redeemable at par after 5 years. Calculate the amount of interest payable annually.

Answer Options

A. ₦10,000
Correct Answer B. ₦12,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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