Given: ...............................Jan.2003.........Dec. 2003 Provision for bad debt........N1000 Debtors..........................................N20000 Bad debt to be written off.......................N2000 The...
FINANCIAL
JAMB 2005
Given:
...............................Jan.2003.........Dec. 2003
Provision for bad debt........N1000
Debtors..........................................N20000
Bad debt to be written off.......................N2000
The provision for bad debt stands at 10% of debtors. How much is to be charged to profit and loss account as provision for bad debt?
- A. N800
- B. N1000
- C. N1800
- D. N2000
Correct Answer: D. N2000
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