2 1 pts As at 31.12.20X1 there are outstanding debtors totalling RM12.000. The balance on the provision for doubtful debts account as at 1.1.20X1 is RM600. The firm wishes to maintain the provision for doubtful debtors at 4% of outstanding debtors. The correct entry in the account to record this would be: O Di Provision for Doubtful Debes RM120 O Profit Loss RM120 O Dr Provision for Doubtful Debes RM480 C Profit or RM480 Dr. Profitore RM480 C Provision for Doubt Debt RM480 Dr Prof or RM120 Cr Provision for Doubtful De RM120