Post Utme Oau 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company issued 5% debentures of ₦10,000 each. The debentures are redeemable after 5 years. Calculate the annual interest on the debentures.

Answer Options

A. ₦250
Correct Answer B. ₦500
C. ₦750
D. ₦1,000
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Oau 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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