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

Correct Answer: Option D

D. N1,750

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