Post Utme Uniport 2021 Accounting Question 21

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

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦25,000
Correct Answer B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

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

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