Post Utme Unilag 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company issued 10,000, 10% debentures of ₦100 each at a premium of 10%. The debentures are redeemable at the end of 5 years. Calculate the amount of interest to be paid annually.

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦17,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Unilag 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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