Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800.
A provision of 2% was made for discount and 5% provision for bad and doubtful debts.
Find the amount for sundry debtors after provision?
-
N760 000
- N744800
- N744 000
- N784 000
The correct answer is: A
Explanation
5% x 800
5/100 x 800 = 40
800 - 40 = 760