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The accounting entries required for increase in provision for doubtful debts are

Accounts - Principles of Accounts
WAEC 1995
The accounting entries required for increase in provision for doubtful debts are
  • A. debit profit and loss account, credit provision for doubtful debts account
  • B. credit provision for doubtful debts account; debit profit and loss account
  • C. credit trading account; credit provision and doubtful debts account
  • D. credit trading trading account; debit provision for doubtful debts account
  • E. credit debtor's account; debit provision for doubtful debts account
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Correct Answer: Option A
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent