Use the following information to answer the giv... - WAEC Accounting 2010 Question
Use the following information to answer the given question
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\ \text{1/1/06 Provision for bad debts} & D60\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)
What is the amount of the new provision for bad debts?
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\ \text{1/1/06 Provision for bad debts} & D60\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)
What is the amount of the new provision for bad debts?
A
D130
B
D127
C
D124
D
D120
correct option: b
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