Free account: track your progress — Sign up free

JAMB Accounting 2019 Objective — Question 37

Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.

Advertisement

Use the information below: Debtors ₦20,000; Provision for bad debts 10%; Provision for discount on debtors 5%. The provision for bad debt is

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

Explanation

Provision for bad debt = 10% × 20,000 = ₦2,000.

Advertisement

Sign up free to unlock

  • Score tracking
  • Practice history
  • Saved questions
  • Progress dashboard
  • Personalized sessions
  • Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account
More questions from Accounting 2019 ObjectiveMore Accounting past papers