Post Utme Uniosun 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. The debentures are redeemable at the end of 5 years. The company pays annual interest of 5% on the debentures. Calculate the annual interest paid on the debentures.

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 Uniosun 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support