Post Utme Babcock University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a premium of 5%. The debentures are redeemable at the end of 5 years. Calculate the amount of premium on the debentures.

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Babcock University 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