Post Utme Crawford University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each on 1st January 2020. The preference shares do not carry any voting rights. Calculate the annual charge for the preference shares.

Answer Options

A. ₦25,000
Correct Answer B. ₦25,000 per annum
C. ₦25,000 per annum for 5 years
D. ₦25,000 per annum for 10 years
Correct Answer
B
Correct Option:
₦25,000 per annum

About This Question

This is Post Utme Crawford University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support