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WAEC Financial Accounting 2003 Question 42

Question 42

Trial Balance

Which of the following items is found in the credit column of the trial balance?

  1. A.Provision for doubtful debts
  2. B.Bad debts written off
  3. C.Carriage inwards
  4. D.Carriage outwards
Show the answer and explanation

Answer: A (Provision for doubtful debts)

Explanation

Provisions are credit balances; the others are expenses (debits).