A provision for bad debt account had N33,800 at the beginning of the year and...
FINANCIAL
JAMB 2021
A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/20% of annual credit sales, what was the credit sales for the period?
- A. N210,000
- B. N844,400
- C. N840,000
- D. N500,000
Correct Answer: B. N844,400
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