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

Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...

Provision for depreciation on office furniture is charged to ...

Sales N20,000 Cost sales N10,000 Operating expenses N2,500 Expenses prepaid included  in op...

Use the information to answer the given question \(\begin{array}{c|c} Dr & & & & &a...

What is the cardinal rule of the double entry system? ...

On dissolution, the final distribution of cash to partners is based on? ...

The process of cost apportionment is carried out so that ...

An overdraft is usually shown as a ...

Five hundred naira monthly is allowed on an imprest system. The following transactions took place. ...

On January 1,2000, a club's assets and liabilities were as follows: Club house....................