The total debtor’s account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. Bad debts is?

By: |Published on: Aug 17|Categories: Accounting WAEC| 0 comments

A. N910
B. N650
C. N637
D. N377
E. N260

Correct Answer:

Option E – N260

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