Given:
………………………….Jan.2003………Dec. 2003
Provision for bad debt……..N1000
Debtors……………………………………N20000
Bad debt to be written off…………………..N2000
The provision for bad debt stands at 10% of debtors. How much is to be charged to profit and loss account as provision for bad debt?
A N800
B N1000
C N1800
D N2000
Answer is D
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