Given: ...............................Jan.2003.........Dec. 2003 Provision for bad debt........N1000 Debtors..........................................N20000 Bad debt to be written off.......................N2000 The provision for bad debt stands at 10% of debtors. How much is to be charged to profit and loss account as provision for bad debt?

Given:

...............................Jan.2003.........Dec. 2003

Provision for bad debt........N1000

Debtors..........................................N20000

Bad debt to be written off.......................N2000

The provision for bad debt stands at 10% of debtors. How much is to be charged to profit and loss account as provision for bad debt?

A N800
B N1000
C N1800
D N2000

jamb 2005 accounting

The correct answer is D. N2000

No explanation given

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