Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to prof...

Assessment: WAEC SSCE - Financial Accounting - 2003 (Objective) Subject: Financial Accounting

Question 1 Report

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was

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