Post Utme Lasu 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company issued 5-year debentures of ₦ 10,000 each at 5% interest. If the debentures are redeemable at par, what is the amount of interest payable on ₦ 50,000 debentures?

Answer Options

A. ₦ 1,250
B. ₦ 1,500
Correct Answer C. ₦ 2,000
D. ₦ 2,500
Correct Answer
C
Correct Option:
₦ 2,000

About This Question

This is Post Utme Lasu 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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