Post Utme Delsu 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Delsu Accounting examination.

Post Utme Delsu 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_DELSU • 2017 • ACCOUNTING • objective

A company uses the allowance method for estimating bad debts. If the company's accounts receivable balance is ₦100,000 and the estimated bad debt expense is ₦5,000, what is the allowance for bad debts?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Delsu 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.

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