Post Utme Skyline University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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