A-LevelAccountingAdjustments to Financial StatementsFeb/Mar 2022Paper 1 Q71 Mark
Which statement is correct?
AThe balance on the irrecoverable debts account is carried down to the next accounting period.
BThe balance on the irrecoverable debts account is treated as an expense in the income statement.
CThe balance on the provision for doubtful debts account is calculated before the deduction of irrecoverable debts.
DThe balance on the provision for doubtful debts account is not included in a trial balance.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of adjustments to financial statements 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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