The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at 1/2% of debtors, how much would be charged in the profit and loss account?

The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at 1/2

% of debtors, how much would be charged in the profit and loss account?

A ₦3,500

B ₦2,500

C ₦1,500

D ₦1,000

Answer is C