Given: ...............................Jan.2003.........Dec. 2003 Provision for bad debt........N1000 Debtors..........................................N20000 Bad debt to be written off.......................N2000 The...

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

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Correct Answer: Option D

Explanation

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