O-LevelAccountingAccounting proceduresOct/Nov 2020Paper 1 Q161 Mark
The balances in the books of Jason on 1 July 2019 included the following. $ trade receivables 64200 provision for doubtful debts 1284 Trade receivables at 30 June 2020 were $58500, of which $500 should be written off as irrecoverable. Jason wants to maintain his provision for doubtful debts at 2% of trade receivables. What was the change in the provision for doubtful debts at 30 June 2020?
A$114 decrease
B$124 decrease
C$376 increase
D$386 increase
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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