JAMB Accounting 2017 Objective — Question 7
Question 7 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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Debtors in the balance sheet of Onoja Bakery and Sons totalled #800,000. If bad debt is normally 5%, find the amount for sundry debtors after bad debt.
- A. A. #760,000Correct
- B. B. #744,800
- C. C. #784,000
- D. D. #744,000
Explanation
Sundry debtors after bad debt = 95% x 800,000 = #760,000.
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