Post Utme Uniben 2019 Accounting Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Uniben Accounting examination.
A company issued 5,000, 10% debentures of ₦100 each at a discount of 5% on January 1, 2018. The debentures are redeemable at par on January 1, 2023. If the company's interest rate is 12% per annum, what is the annual interest on the debentures?
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About This Question
This is Post Utme Uniben 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.
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