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?
- N210,000
-
N844,400
- N840,000
- N500,000
The correct answer is: B
Explanation
1/20 * 844400 = 4220