Given: 
........Jan. 2003.........Dec. 2003
Provision for bad debt........N1000
Debtors..............................N20000
Bad debt to be written off.......................N2000

The 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?

Similar Questions

The concept that guides a firm to adopt a regular method of recording transactions in its books over...

In the balance sheet of a not-for-profit-making organization, subscription paid in advance is regard...

Which of the following terms is not used to describe the total amount stated in the memorandum of as...

The process of using sales ledger balance to cancel off purchases ledger balance is ...

An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo...

Which of the following is true of Uju Nig.Ltd? ...

A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a ...

Credit sales is given at 160% of cash received. What is the balance c/d? debit 64300 ...

Lankoh Company Ltd                      ...

Which of the following branches of accounting was first developed? ...