WAEC Financial Accounting 2020 Question 5

Use the following information to answer questions 5 and 6.
Provision for doubtful debts: Le 1,000 Cr
Bad debts: Le 500 Dr
Debtors: Le 50,000 Dr
Additional bad debts to be written off: Le 500
New provision for doubtful debts to stand at 5% of debtors
The net figure for debtors in the balance sheet is

1. A.Le 47,025.
2. B.Le 46,550.
3. C.Le 45,600.
4. D.Le 45,500.