Question on: JAMB Accounting - 1999

A provision for bad debt account had N3,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/2% of annual sales, what was the credit sales for the period?

A
N2,100,000
B
N844,400
C
N840,000
D
N500,000
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Correct Option: B

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