WAEC Accounting 2018 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following activities will increase profits?
- A. Depreciation charges
- B. Reduction in provision for doubtful debtsCorrect
- C. Undervalued closing stock
- D. Returns inwards
Explanation
A reduction in the provision for doubtful debts is treated as income, adding to (increasing) profit.
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.