O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2017 · Q101 Mark

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 |

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Abad debts 200 Jane 200

BJane 200 bad debts 200

Cbad debts 200 income statement 200

Dincome statement 200 bad debts 200

✓ Correct answer

A: bad debts 200 Jane 200

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 10.

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