Post Utme Osustech 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Osustech Accounting examination.

Post Utme Osustech 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_OSUSTECH • 2022 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each at a premium of 10%. The debentures are redeemable at the end of 5 years. Calculate the amount of interest to be paid annually.

Answer Options

A. ₦50,000
Correct Answer B. ₦52,500
C. ₦55,000
D. ₦57,500
Correct Answer
B
Correct Option:
₦52,500

About This Question

This is Post Utme Osustech 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Osustech Accounting examination.

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