Post Utme Uniosun 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIOSUN • 2022 • ACCOUNTING • objective

A company uses the allowance method of accounting for bad debts. The company estimates that 5% of its accounts receivable will become bad debts. If the company has accounts receivable of ₦500,000, what is the estimated bad debt expense?

Answer Options

A. ₦25,000
Correct Answer B. ₦25,500
C. ₦26,000
D. ₦26,500
Correct Answer
B
Correct Option:
₦25,500

About This Question

This is Post Utme Uniosun 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Uniosun Accounting examination.

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