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The debtors control account had a debit balance of R50000 on 28 February 2023 ...

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Accounting

The debtors control account had a debit balance of R50000 on 28 February 2023
(the end of the financial year). The provision for bad debts account had a balance
of R3000 on 28 February 2022. If the provision for bad debts is calculated at 5% of
the trade debtors, which of the following statements is correct?
A. The current assels will decrease by R500.
B. An amount of R500 will be recorded as an expense in the statement of comprehensive
income.
C. The provision for bad debts account will reflect a balance of R500.
D. An amount of R500 will be recorded as an income in the statement of comprehensive income.
Clear my choice
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