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WAEC Accounting 2024 Objective — Question 31

Question 31 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.

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The interest on Taiyelolu's capital is

  • A. #20,000Correct
  • B. #12,000
  • C. #4,000
  • D. #2,000

Explanation

Interest on capital = 10% x #200,000 = #20,000.

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