Post Utme Redeemers University 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 5% debentures of ₦1,000 each. If the company receives ₦1,050 in cash, determine the amount of debenture capital and the amount of interest.

Answer Options

Correct Answer A. ₦5,000, ₦25
B. ₦5,000, ₦50
C. ₦10,000, ₦50
D. ₦10,000, ₦100
Correct Answer
A
Correct Option:
₦5,000, ₦25

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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