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WAEC Accounting 2010 Paper
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© africaexams.com
Question : 16
Total: 44
Use the following information to answer the given question
1
∕
1
∕
06
Debtors
D
2
,
600
1
∕
1
∕
06
Provision for bad debts
D
60
31
∕
12
∕
06
New provision provision for bad debts
5
%
on debtors
The provision for bad debts in the profit and loss account is
D187
D127
D67
D70
Validate
Solution:
5% x 2600
5
100
x 2600 = 130
130 - 60 = 70
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