Elizabeth issued an invoice to Jane for $500 on 1 February. On 30 April Elizabeth received $300 from Jane. She wrote off the remaining balance on 28 October.
Which entries did Elizabeth make on 28 October?
| | account debited | $ | account credited | $ |
|---|---|---|---|---|
| A | bad debts | 200 | Jane | 200 |
| B | Jane | 200 | bad debts | 200 |
| C | bad debts | 200 | income statement | 200 |
| D | income statement | 200 | bad debts | 200 |

Q: What topic does this question test?

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2017 examination, Paper 1 Variant 2 (7707_w17_qp_12.pdf).

Question

Elizabeth issued an invoice to Jane for $500 on 1 February. On 30 April Elizabeth received $300 from Jane. She wrote off the remaining balance on 28 October.
Which entries did Elizabeth make on 28 October?
| | account debited | $ | account credited | $ |
|---|---|---|---|---|
| A | bad debts | 200 | Jane | 200 |
| B | Jane | 200 | bad debts | 200 |
| C | bad debts | 200 | income statement | 200 |
| D | income statement | 200 | bad debts | 200 |

Oracle Prep · Accepted Answer

The correct answer is A: bad debts 200 Jane 200.

✓ Correct Answer

📋 Examiner Report & Trap Analysis

🎯 Mark Scheme Breakdown

Unlock the Examiner's Analysis

About This O-Level Accounting Question

Topic

Source

Practice on Oracle Prep

Related Accounting Questions