Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800.
A provision of 2% was made for discount and 5% provision for bad and doubtful debts.
A. N760 000
B. N744800
C. N744 000
D. N784 000
Correct Answer:
Option A – N760 000
Explanation
5% x 800
5/100 x 800 = 40
800 – 40 = 760
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