Post Utme Ims U 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company issued 5,000, 9% debentures of ₦100 each. Calculate the amount of interest payable annually.

Answer Options

Correct Answer A. ₦45,000
B. ₦45,500
C. ₦45,000.50
D. ₦45,000.25
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

View More Post Utme Ims U 2020 Accounting Questions More Post Utme Ims U Practice Questions Back to Questions

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