Post Utme Elizade University 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Elizade University 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Elizade 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