O-LevelAccountingAccounting proceduresOct/Nov 2020Paper 1 Q181 Mark
Beena maintains a provision for doubtful debts of 3% of the trade receivables at the end of each financial year. On 1 September 2019 the provision for doubtful debts was $900. On 31 August 2020 the trade receivables amounted to $42 800. Which journal entry did Beena make on 31 August 2020? debit $ | credit $ --- | --- income statement 384 | provision for doubtful debts | 384 income statement 1284 | provision for doubtful debts | 1284 provision for doubtful debts 384 | income statement | 384 provision for doubtful debts 1284 | income statement | 1284
Aincome statement 384 | provision for doubtful debts 384
Bincome statement 1284 | provision for doubtful debts 1284
Cprovision for doubtful debts 384 | income statement 384
Dprovision for doubtful debts 1284 | income statement 1284
✓ Correct Answer
The correct answer is A: income statement 384 | provision for doubtful debts 384
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
🔒
Unlock the Examiner's Analysis
Sign up for free to reveal the full examiner report, trap analysis, and mark scheme breakdown for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep