Post Utme Rhema University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

A. ₦5,000
Correct Answer B. ₦5,500
C. ₦6,000
D. ₦6,500
Correct Answer
B
Correct Option:
₦5,500

About This Question

This is Post Utme Rhema University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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