Post Utme Ims U 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company issues 5,000 9% debentures of ₦100 each. If the company pays an annual interest of ₦45,000, what is the total amount paid as interest?

Answer Options

Correct Answer A. ₦225,000
B. ₦225,000
C. ₦225,000
D. ₦225,000
Correct Answer
A
Correct Option:
₦225,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Ims U 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