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The total debtors account of a trading concern is N13,000. Out of this 2 percent...

Accounts - Principles of Accounts
WAEC 1996
The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. Bad debts is
  • A. N910
  • B. N650
  • C. N637
  • D. N377
  • E. N260
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Correct Answer: Option E
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