A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2024 · Q141 Mark

Deepak provided the following information. end of year 1 $ / end of year 2 $ allowance for irrecoverable debts 600 / 800 rate of allowance 3% / 5% By how much did the total of trade receivables change from the end of year 1 to the end of year 2?

A$4000 decrease

B$4000 increase

C$10 000 decrease

D$10 000 increase

✓ Correct answer

A: $4000 decrease

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2024 Paper 1 Variant 2, question 14.

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