The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at \(\frac{1}{2}\)% of debtors, how much would be charged in the profit and loss account?
₦3,500
₦2,500
₦1,500
₦1,000
Correct answer is C
No explanation has been provided for this answer.