Post Utme Rhema University 2025 Accounting Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Rhema University 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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