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? by Sunday | Jun 5 | Accounting WAEC | 0 comments A. N5,000 B. N2,250 C. N2,000 D. N1,750 Correct Answer: Option D D. N1,750 Users Also Read These:A trader paid insurance premium of N45,000 for 15…Rent owing as at 31st December 1998, N800. Rent paid…How much is to be charged to profit and loss account…The opening balance of debtors is N100,000 and that…An asset was bought on 1st January, 1995 for…