The total debtors account of a trading concern is N13,000...
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?
N910
N650
N637
N377
N260
Correct answer is B
No explanation has been provided for this answer.
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\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...