A-LevelAccountingProvisions for Doubtful DebtsFeb/Mar 2017Paper 1 Q81 Mark
A trial balance showed a provision for doubtful debts as $1350. Trade receivables were $50320 which included a debt of $500 which was irrecoverable. Which entry was required in the provision for doubtful debts account if the closing balance was to be 5% of trade receivables?
A$1141 credit
B$1141 debit
C$1166 credit
D$1166 debit
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of provisions for doubtful debts 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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