Post Utme Unilorin 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. Calculate the amount of interest payable on the debentures for the first year.

Answer Options

Correct Answer A. ₦50,000
B. ₦25,000
C. ₦12,500
D. ₦62,500
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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