O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2021 · Q141 Mark

Amit's financial year ends on 31 December. The following account appeared in his sales ledger. Dipak account 2020 $ 2020 $ Jan 7 sales 3200 Jun 3 bank 1700 Oct 30 cash 230 Nov 21 ? 1270 3200 3200 What does the entry on 21 November represent?

Aan irrecoverable debt

Bdiscount allowed

Cthe balance carried down

Dthe recovery of a debt previously written off

✓ Correct answer

A: an irrecoverable debt

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 3, question 14.

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