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O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2023 · Q301 Mark

Ahmed provided the following information. $ trade receivables at 1 January 2022 15000 for the year ended 31 December 2022: credit sales 85000 cash sales 12000 cheques received from trade receivables 65000 irrecoverable debts 2000 By how much had the trade receivables increased by the end of the financial year?

A$18000
B$30000
C$33000
D$45000

✓ Correct answer

A: $18000

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 30.

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