Use the information below to answer questions Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for...
FINANCIAL
JAMB 2010
Use the information below to answer questions Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad debt at 4% of sundry debtors. Calculate the provision to be taken to the balance sheet?
- A. N780
- B. N800
- C. 1200
- D. N200
Correct Answer: B. N800
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