Use the following to answer the given question
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Use the following to answer the given question
NProvision for bad debts1,000CrBad debts500Drdebtors50,000DrAdditional bad debts to be written off500
New provision for bad debts to stand at 5% of debtors. In the balance sheet, the net figures for the profit is
N47,025
N46,550
N45,600
N45,500
N43,225
Correct answer is D
No explanation has been provided for this answer.
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