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

In-not-profit-making organizations, accumulated fund is the name for ...

PQ Manufacturing Company Raw materials (1/11/2001)...........N3,500 Raw materials (31/12/2001).....

What is the correct entry in the head office books at the point of initial transfer of the goods? ...

The parties who are paid last in the event of winding-up are ...

Discounts granted branch customers are treated as a debit to branch? ...

The concept that implies that a business will operate for an indefinitely long period of time is.......

Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...

Which of the following accounts is debited when a delivery van is sold for cash? ...

The debenture issued at par above the nominal value is said to be issued at a ...

Given: Direct material N2,500 Direct labour N5,000 Direct expenses N1,000 Overhead expenses N1,5...