Given: ...............................Jan.2003.........Dec. 2003 Provision for bad debt........₦1000 Debtors..........................................₦20000...

Assessment: JAMB UTME - Principles of Accounts - 2005 Subject: Financial Accounting

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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