A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q41 Mark

A business started on 1 January 2013. At 31 December 2014 the following information was available. 31 December 2013 31 December 2014 $ $ trade receivables 80000 100 000 increase in provision for doubtful debts in income statement 4000 2000 What is the rate for provision for doubtful debts in 2014?

A2%

B3.33%

C5%

D6%

✓ Correct answer

D: 6%

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 4.

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