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
Answer is A
