Question 0

A provision for bad debt account had N3,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/2% of annual sales, what was the credit sales for the period?

  • A.N2,100,000
  • B.N844,400
  • C.N840,000
  • D.N500,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1999
Question no.
#0
Type
Objective

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