The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at \(\frac{1}{2}\)% 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
Correct Answer: Option C
Explanation
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