Post Utme Futa 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company issued 5% debentures of ₦100,000 at a premium of 10%. If the debentures were issued for 5 years, calculate the annual interest payable.

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 Futa 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support