Accounts > 2003 > 41
WASSCE
Use the following information to answer this question
Debtors value as at 1st January 2000 was ₦40,000. Bad debts written off during the year was ₦5,000.
Provision for bad debt was 5%.
The amount debited to Profit and Loss Account as provision for the year was
A.
₦5,000
B.
₦2,250
C.
₦2,000
D.
₦1,750
Answer: D
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