Post Utme Uniben 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company issued 5% debentures of ₦100 each at a premium of ₦10 per share. Calculate the annual interest on the debentures.

Answer Options

A. ₦2,500
Correct Answer B. ₦5,000
C. ₦7,500
D. ₦10,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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