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ACCOUNTING

JAMB 2000 - Question 50

Account 2000 JAMB Past Questions - Question 50: Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/97. The company's policy provides for 15% bad debt annually. Which of the following represents the total balance of debtors before adjustment?

Choose the most appropriate option for the gap .

Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/97. 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: N 6,120,300

C: N 8,280,000

D: N 8,820,000

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ACCOUNTING

Account 2000 JAMB Past Questions - Question 50: Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/97. The company's policy provides for 15% bad debt annually. Which of the following represents the total balance of debtors before adjustment?

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Correct Answer

Explanation