Kakaku limited with three departments has a total of N7,200,000 as net debtors for the...
FINANCIAL
JAMB 2021
Kakaku limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/2106. The company's policy, provides for 15%bad debt annually. Which of the following represents the total balance of debtors before adjustment?
- A. N6,120,000
- B. N8,280,000
- C. N6,120,300
- D. N8,820,000
Correct Answer: B. N8,280,000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *