The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. What is the provision for doubtful debts?

Similar Questions

One of the reasons for the existence of the public sector is to?   ...

The basis of accounting for public sector is ...

If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an ...

\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...

Which of the following is the equivalent of the receipts payment accounts? ...

The cost of goods sold for the year is Le200,000 and the mark-up is 30%. The sale for the year is ...

The depreciation method in which the number of years of the useful life of an asset is allocated in ...

Which of the following information is recorded in the returns outwards book? ...

The addition of prime cost and factory overhead is ...

The rule of accounting equation requires that account payable should be placed under ...