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Accounts (Principles of Accounts) · Accruals, prepayments and provisions

Accounts (Principles of Accounts)Accruals, prepayments and provisionsWAEC

Debtors are ₦50,000 and the provision for doubtful debts is to be 4%. The provision is

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Answer: A. ₦2,000

4% of 50,000 = ₦2,000.

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