Given: ...............................Jan.2003.........Dec. 2003 Provision for bad debt........₦1000 Debtors..........................................₦20000...
Question 1 Report
Given:
...............................Jan.2003.........Dec. 2003
Provision for bad debt........₦1000
Debtors..........................................₦20000
Bad debt to be written off.......................₦2000The provision for bad debt stands at 10% of debtors. How much is to be charged to profit and loss account as provision for bad debt?
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