WAEC Accounting 2022 Objective — Question 34

Question 34 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Teteh's share of interest on capital is

A. N75,000
B. N25,000

Explanation

Interest on capital = 5% × N300,000 = N15,000. Note: only two options (A, B) were legible in the source scan, and neither matches this calculated value — the source's key also does not provide a clear numeric answer here ('Check solution to 32'). The correctly computed value based on the given data is N15,000.

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