WAEC Accounting 2025 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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The accounting concept which underlies providing for doubtful debt is
- A. materiality concept
- B. duality concept
- C. entity concept
- D. prudence conceptCorrect
Explanation
The concept of prudence requires an accountant not to overstate profit; hence provision is made for doubtful debts.
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