Post Utme Wellspring University 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • 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 payable on redemption.

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Wellspring University 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Wellspring University Accounting examination.

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