Use the following information to answer this question.
1/1/06 ----- Debtor -------- D2,600
1/1/06 ----- Provision for bad debts --------- D60
31/12/06 ---- Bad debts --------- D60
31/12/06 New provision for bad debts 5% on debtors
The provision for bad debts in the profit and loss account is
Answer: C
To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.