Use the following to answer the given question
(begin{array}{c|c} & N \ hline text{Provision for bad debts} & 1,000 Cr \ text{Bad debts} & 500Dr \ debtors & 50,000Dr \ text{Additional bad debts to be written off} & 500 end{array})
New provision for bad debts to stand at 5% of debtors. In the balance sheet, the net figures for the profit is
(begin{array}{c|c} & N \ hline text{Provision for bad debts} & 1,000 Cr \ text{Bad debts} & 500Dr \ debtors & 50,000Dr \ text{Additional bad debts to be written off} & 500 end{array})
New provision for bad debts to stand at 5% of debtors. In the balance sheet, the net figures for the profit is
-
A.
N47,025 -
B.
N46,550 -
C.
N45,600 -
D.
N45,500 -
E.
N43,225