Free account: track your progress — Sign up free

GCE Accounting 2025 Objective — Question 8

Question 8 of 60 from the General Certificate of Education (GCE) Accounting 2025 Objective paper, with the correct answer and a full explanation.

Using the same data, the interest on Yusuf's capital is

A. N155,000
B. N145,000
C. N102,000

Explanation

Interest on Yusuf's capital = N1,000,000 x 10% = N100,000.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2025 Objective More Accounting past papers