WAEC Accounting 2020 Objective — Question 24

Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.

A non-cash expense chargeable against profit and loss account is

A. insurance payable
B. debenture interest
C. provision for doubtful debtsCorrect
D. rent and rates

Explanation

Provision is not a cash-related expense. It is an act of reserving for potential failed debtors, hence provision for doubtful debts is the non-cash expense.

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