Post Utme Ui 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company issued 5,000, 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

Correct Answer A. ₦25,000
B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Ui 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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