Post Utme Madonna University 2018 Accounting Question 16

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

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. The debentures are redeemable at the end of 5 years. Calculate the annual charge for interest on the debentures.

Answer Options

A. ₦50,000
B. ₦25,000
Correct Answer C. ₦12,500
D. ₦62,500
Correct Answer
C
Correct Option:
₦12,500

About This Question

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

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