WAEC Book Keeping 2024 Objective — Question 16

Question 16 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.

16. The provision for doubtful debts for the year is A.

A. #27,500
B. #25,000
C. #22,500
D. (as printed)

Explanation

Net value of debtor = 500,000-50,000-27,500 = 422,500 (provision computed as 5% of (500,000-50,000) = 22,500; WAEC key marks no definitive answer for this item).

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