Use the following to answer the given question
| N | |
| Provision for bad debts | 1,000Cr |
| Bad debts | 500Dr |
| debtors | 50,000Dr |
| Additional bad debts to be written off | 500 |
A. N47,025
B. N46,550
C. N45,600
D. N45,500
E. N43,225
Correct Answer:
Option D – N45,500
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