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WAEC Financial Accounting 2004 Question 15

Question 15

Bad Debts and Provisions

Net debtors is

  1. A.debtors less provision for bad debts
  2. B.debtors plus provision for bad debts
  3. C.debtors less prepayments
  4. D.debtors plus prepayments
Show the answer and explanation

Answer: A (debtors less provision for bad debts)

Explanation

Net debtors = debtors − provision for bad debts.