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JAMB Accounting 2007 Objective — Question 34

Question 34 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

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The provision for bad debt is

  • A. #2,000Correct
  • B. #800
  • C. #3,000
  • D. #1,900

Explanation

Provision for bad debts = 10% x #20,000 = #2,000.

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