Post Utme Uniben 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each. If the company pays an annual interest of ₦45,000, calculate the amount of interest that will be paid on the debentures.

Answer Options

A. ₦4,500
B. ₦4,500,000
Correct Answer C. ₦45,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦45,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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