Post Utme Uniben 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Uniben Accounting examination.

Post Utme Uniben 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIBEN • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the account 'Allowance for Doubtful Debts'. The company's management wishes to write off ₦20,000 of this allowance. Prepare the necessary journal entry.

Answer Options

Correct Answer A. Debit Allowance for Doubtful Debts ₦20,000, Credit Bad Debts Recovered ₦20,000
B. Debit Bad Debts Recovered ₦20,000, Credit Allowance for Doubtful Debts ₦20,000
C. Debit Allowance for Doubtful Debts ₦20,000, Credit Bad Debts Recovered ₦20,000
D. Debit Bad Debts Recovered ₦20,000, Credit Allowance for Doubtful Debts ₦20,000
Correct Answer
A
Correct Option:
Debit Allowance for Doubtful Debts ₦20,000, Credit Bad Debts Recovered ₦20,000

About This Question

This is Post Utme Uniben 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Uniben Accounting examination.

View More Post Utme Uniben 2025 Accounting Questions More Post Utme Uniben Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support