O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2011 · Q131 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 2, question 13.

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

On 1 March a business owed its suppliers $9500. During March the following transactions took place. $ goods purchased…

A sales ledger control account showed the following. $ opening debit balance 2000 sales 10 000 receipts from debtors …

A partner had a debit balance on his current account of $1600 on 1 January 2009. On 31 December 2009 the following am…

Tsang is in business buying and selling goods on credit. The following information is available for the month of Marc…

Paula Lim supplied the following information relating to her financial year ended 30 April 2010. $ Revenue (sales) 25…

Wang Yee is a manufacturer. The following balances were extracted from his books on 31 January 2010. | | $ | |---|--…