JAMB Accounting 2009 Objective — Question 45

Question 45 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

45. Provision for bad and doubtful debts in a company's final account is treated in the

A. trading account
B. profit and loss accountCorrect
C. fund flow statement
D. cash flow statement

Explanation

Provision for bad and doubtful debts is an expense charged to the profit and loss account.

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