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In an organization provision for Bad debts is Rs 5 000...

This question belongs to Commerce Accounting
Accounting
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In an organization, provision for Bad debts is Rs. 5,000 in the beginning. At the end total sales is Rs. 6,00,000 out of which Rs. 1,00,000 is cash sales. 1% provision is to be created on remaining debtors. The amount to be debited to profit and loss account in respect of provision is.

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Correct Answer: Option D
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