Use the following information to answer the question below

Provision for doubtful debts------1,000Cr

Bad debts--------500Dr

Debtors-------50,000Dr

Additional bad debts to be written off-----500

New provision for doubtful debts to stand at 5% of debtors

The provision for doubtful debts to be charged to the Profit and Loss Account is

• A Le 2,500
• B Le 2,475
• C Le 2,450
• D Le 1,000