Halal Limited with three departments has a total of ₦7,200,000 as net debtors fo...
AccountsJAMB UTME
The company's policy provides for 15% bad debt annually. Which of the following represents the total balance of debtors before adjustment?
Question
Halal Limited with three departments has a total of ₦7,200,000 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?
Options
A)
₦6,120,000
B)
₦6,120,300
C)
₦8,280,000
D)
₦8,820,000
The correct answer is A.
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