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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
Post Utme
Accounts - Principles of Accounts
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 gross profit
C
Decrease in net profit
D
Increase in gross profit
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Show Explanation
Correct Answer:
Option C
Explanation:
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