Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800. A provision of 2% was made for discount and 5% provision for bad and doubtful debts. Find the amount for sundry debtors after provision?

Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800.

A provision of 2% was made for discount and 5% provision for bad and doubtful debts.

Find the amount for sundry debtors after provision?

The correct answer is A. N760 000

5% x 800

5/100 x 800 = 40

800 - 40 = 760