WAEC - Accounts Principles Of Accounts (2020 - No. 5)

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 net figure for debtors in the balance sheet is 

Le 47,025
Le 46,550
Le 45,600
Le 45,500

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