Post Utme Covenant University 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the allowance method for estimating bad debts. The following information is available: Accounts Receivable: ₦500,000 Allowance for Bad Debts: ₦20,000 Bad Debts Expense: ₦10,000 What is the net realizable value of Accounts Receivable?

Answer Options

A. ₦480,000
B. ₦490,000
Correct Answer C. ₦500,000
D. ₦510,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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