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?
-
A.
N760 000 -
B.
N744800 -
C.
N744 000 -
D.
N784 000
Correct Answer: Option A
Explanation
5% x 800
5/100 x 800 = 40
800 – 40 = 760