Post Utme Noun 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_NOUN • 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. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Noun 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support