Post Utme Veritas University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 5% debentures of ₦1,000 each. The debentures are redeemable at a premium of 10% after 5 years. Calculate the amount to be paid on redemption.

Answer Options

A. ₦1,050
B. ₦1,100
Correct Answer C. ₦1,150
D. ₦1,200
Correct Answer
C
Correct Option:
₦1,150

About This Question

This is Post Utme Veritas University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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