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

Accounts (Principles of Accounts)Accruals, prepayments and provisionsJAMB

The allowance for doubtful debts is increased from ₦4,000 to ₦6,000. The income statement is charged with

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Answer: C. ₦2,000

Only the increase is charged.

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