Use the following information to answer the given question

\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\\ \text{1/1/06 Provision for bad debts} & D60\\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)

What is the amount of the new provision for bad debts?

 

Similar Questions

Maimalari Ltd had  (i) Earning per share 47k  (ii) Dividend per share 30k  (iii) P...

Which of the following is a book of ordinary entry? ...

The course of discrepancies between the bank statement and the cash book that overstates the cash bo...

The purpose of keeping Sales and Purchases Ledger Control Account is to  ...

Net debtors is ...

The excess of cost of goods sold over net sales is ...

Gross profit b/d Less: Salaries and wages          ...

The equivalent of income and expenditure account in a trading concern is ...

Profit expressed as a proportion of cost price is ...

An asset was bought on 1st January, 1992 for N20,000. Depreciation was provided for annually at 20% ...