Post Utme Aaua 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. The debentures are redeemable at a premium of 5% after 5 years. Calculate the amount of the premium.

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦2,000,000
D. ₦5,000,000
Correct Answer
C
Correct Option:
₦2,000,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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