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WASSCE
The opening balance of debtors is ₦100,000 and that of provision for doubtful debts is ₦1,000. If provision is to be at 2 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: C
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