Home » Past Questions » Accounts » Use the following to answer the given question:\(\begin{array}{c|c} & ₦ \\ \hline \text{Provision for bad debts} & 1,000 Cr \\ \text{Bad debts} & 500Dr \\ debtors & 50,000Dr \\ \text{Additional bad debts to be written off} & 500 \end{array}\)New provision for bad debts to stand at 5% of debtors. In the balance sheet, the...

Use the following to answer the given question:\(\begin{array}{c|c} & ₦ \\ \hline \text{Provision for bad debts} & 1,000 Cr \\ \text{Bad debts} & 500Dr \\ debtors & 50,000Dr \\ \text{Additional bad debts to be written off} & 500 \end{array}\)New provision for bad debts to stand at 5% of debtors. In the balance sheet, the...



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