A-LevelAccountingPreparation of financial statements9706/12 · May/June 2018 · Q51 Mark
A business created a provision for doubtful debts at 31 December 2016. The provision was calculated as a percentage of the trade receivables at each year end as follows. year ended trade receivables $ provision for doubtful debts % 31 December 2016 32 500 10 31 December 2017 34 300 5 Which entry in the provision for doubtful debts account for the year ended 31 December 2017 was required?
A$1535 credit
B$1535 debit
C$1715 credit
D$1715 debit
✓ Correct answer
B: $1535 debit
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