provision for bad debt account had N3,800 at the beginning of the year and N4,220...
FINANCIAL
JAMB 1999
provision for bad debt account had N3,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/2% of annual sales, what was the credit sales for the period?
- A. N2,100,000
- B. N844,400
- C. N840,000
- D. N500,000
Correct Answer: B. N844,400
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