Post Utme Al Hikmah University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000, 9% debentures of ₦100 each. The debentures are redeemable at a premium of 5%. Calculate the total premium payable.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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