The net figure for debtors in the balance sheet is

Use the following information to answer the question below

Provision for doubtful debts ————————1,000Cr
Bad debts ———————————————- 500Dr
Debtors ————————————————- 50,000Dr
Additional bad debts to be written off ———– 500
New provision for doubtful debts to stand at 5% of debtors

A. Le 47,025
B. Le 46,550
C. Le 45,600
D. Le 45,500

Correct Answer:

Option D = Le 45,500