Use the information below to answer question Debtors……………………………N20 Provision for bad debts………………10% Provision for discount…

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Accounts - Principles of Accounts JAMB 2007

Use the information below to answer question

Debtors……………………………N20
Provision for bad debts………………10%
Provision for discount on debtors……..5%

Determine the amount provided for discount allowed on debtors?

  • N1000 checkmark
  • N3000
  • N900
  • N1500

The correct answer is: A

Explanation

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