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It is supposed that on 31st December 2007 the sundry debtors are amounted to $40000

It is supposed that on 31st December, 2007, the sundry debtors are amounted to $40,000. On the basis of past experience, it is estimated that 10% of the sundry debtors are doubtful. Actual bad debts are $ 1600. What amount of new provision for doubtful debts will be credited in profit & loss account


(A) $4599


(B) $3400


(C) $2400


(D) $1500

Apr 11 2018 View more View Less

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