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A provision for bad debt account had N33,800 at the beginning of the year and N4...


Question

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?

Options

A) N210,000

B) N844,400

C) N840,000

D) N500,000

The correct answer is B.


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