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Which of the following is the effect of an increase in the provision for discount allowed?
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2008
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Which of the following is the effect of an increase in the provision for discount allowed?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Increase in net profit
B
Decrease in ross profit
C
Decrease in net profit
D
Increase in gross profit
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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