JAMB Accounting 2010 Objective — Question 17

Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

17. Calculate the provision to be taken to the balance sheet. A. 780 B. 800 C. 1200 D. 200

A. 780
B. 800Correct
C. 1200
D. 200

Explanation

The provision for bad debts to be taken to the balance sheet is N800 (4% of N20,000).

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