Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the...

WAEC 2003

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was

A. N5,000
B. N2,250
C. N2,000
D. N1,750

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Correct Answer: Option D

Explanation

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