The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If the provision is to at ½% of debtors, how much would be charged in the profit and loss account?

by Sunday | Jun 5 | Accounting WAEC | 0 comments

A. ₦3,500
B. ₦2,500
C. ₦1,500
D. ₦1,000

Correct Answer: Option C

C. ₦1,500

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