Post Utme Crawford University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • 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 premium to be paid on redemption.

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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