A provision for bad debt account had N33,800 at the begin...
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?
N210,000
N844,400
N840,000
N500,000
Correct answer is B
1/20 * 844400 = 4220
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