O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2011 · Q141 Mark

A business provides the following information. $ trade receivables 13 400 provision for doubtful debts brought forward 800 debts to be written off as bad 600 provision for doubtful debts carried forward ? (equal to 5% of trade receivables) What is the provision for doubtful debts to be carried forward to next year?

A$600

B$640

C$660

D$670

✓ Correct answer

B: $640

Oracle Prep sorts past-paper questions by topic, so you can drill Accounting procedures and see which topics are most likely to come up next.

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 14.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A football club provided the following information at the end of its financial year: rent of premises paid in advanc…

Tarrant produced a statement of affairs at 31 December 2009 and at 31 December 2010. During 2010 his long term loan …

A limited company provided the following information: $ issued share capital – 50 000 ordinary shares of $1 each 50 …

Rahman is a debtor in the books of Goldy. On 1 April 2010 the balance on the account of Rahman was $300. The followi…

Indira is a computer consultant. She does not keep a full set of double entry accounts but the following information …

Zaynah is in business buying and selling goods on credit. The following balances were extracted from her books on 30 …