Use the following information to answer the given question
1/1/06 Debtors | D2,600 |
1/1/06 Provision for bad debts | D60 |
1/12/06 New provision provision for bad debts | 5% on debtors |
What is the amount of the new provision for bad debts?
Use the following information to answer the given question
1/1/06 Debtors1/1/06 Provision for bad debts31/12/06 New provision provision for bad debtsD2,600D605% on debtors1/1/06 DebtorsD2,6001/1/06 Provision for bad debtsD6031/12/06 New provision provision for bad debts5% on debtors
The provision for bad debts in the profit and loss account is