Determine the provision for bad debts to profit and loss account?
Use the information below to answer questions 16 and 17.
Sundry debtor………………N20,000
Provision for bad debts……..N500
Provision for bad debt at 4% of sundry debtors.
Determine the provision for bad debts to profit and loss account?
A N500
B N820
C N1300
D N300
Answer is D
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