Given:...............................Jan.2003.........Dec. 2003 Provision for ...
Question
Given:
...............................Jan.2003.........Dec. 2003
Provision for bad debt........₦1000
Debtors..........................................₦20000
Bad debt to be written off.......................₦2000
The provision for bad debt stands at 10% of debtors. How much is to be charged to the profit and loss account as provision for bad debt?
Options
A)
₦800
B)
₦1000
C)
₦1800
D)
₦2000
The correct answer is D.
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