Post Utme Al Hikmah University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's capital consists of £ 10,000 10% debentures and £ 5,000 12% preference shares. The company pays an annual interest of £ 1,200 on the debentures. Calculate the annual charge on the preference shares.

Answer Options

A. ₦600
B. ₦800
Correct Answer C. ₦1,000
D. ₦1,200
Correct Answer
C
Correct Option:
₦1,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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