Post Utme Redeemers University 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 9% debentures of ₦100 each on January 1, 2022. The debentures are redeemable at par after 5 years. Calculate the annual charge for interest on the debentures.

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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