Post Utme Joseph Ayo Babalola University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each. Calculate the amount of interest payable on the debentures for the first year.

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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