Post Utme Mountain Top University 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 5% debentures of ₦ 100 each at a premium of ₦ 10 per debenture. Calculate the annual interest on the debentures.

Answer Options

A. ₦2,500
Correct Answer B. ₦5,000
C. ₦7,500
D. ₦10,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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