Post Utme Lasu 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2025 • 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
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 Lasu 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Lasu 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