Use the following information to answer the given questio...
Use the following information to answer the given question
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\\ \text{1/1/06 Provision for bad debts} & D60\\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)
What is the amount of the new provision for bad debts?
D130
D127
D124
D120
Correct answer is A
5% x 2600
\(\frac{5}{100}\) x 2600 = 130
A reduction n price to encourage prompt payment is........ ...
The accumulative fund of a non-for-profit making organization is ...
One of the benefits of book-keeping records is that they? ...
The first calculating machine in data processing was ...
Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...
An ordinary share of ₦100 was issued at ₦80. The share was issued at ...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
Danladi Bako's Statement of Affairs as at 30/06/17 ₦ &...
The double entry to record the proceeds on disposal of assets in debit ...