Book Keeping WASSCE (SC), 2016

Question 2

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    Explain the following terms:

    (a) bad debt;

    (b) provision for doubtful debt;

    (c) accrued income;

    (d) prepaid expense;

    (e) accrued expenses.

Observation

The performance of the candidates on this question was good as majority of those who attempted the question scored high marks.