Question on: JAMB Accounting - 2000

Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/97.

The company's policy provides for 15% bad debt annually. Which of the following represents the total balance of debtors before adjustment?

A
N6,120,000
B
N6,120,300
C
N8,280,000
D
8,820,000
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Correct Option: A

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