Post Utme Ksu 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Ksu Accounting examination.

Post Utme Ksu 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_KSU • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦25,000
Correct Answer B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Ksu 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Ksu Accounting examination.

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