The opening balance of debtors is N100,000 and that of pr...
The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at 12% of debtors, how much would be charged in the profit and loss account?
₦3,500
₦2,500
₦1,500
₦1,000
Correct answer is C
No explanation has been provided for this answer.
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Capital.....................N? Profit and loss.............N3500 Current assets..............N? C...