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In preparing the final accounts, the bad debt account is closed by a transfer to the?

In preparing the final accounts, the bad debt account is closed by a transfer to the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Balance sheet
  • B Provision for bad debt account
  • C Profit and loss account
  • D Trading account
Correct Answer: Option C
Explanation:

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