Post Utme Rhema University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000, 10% 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 Rhema University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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