O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2015 · Q101 Mark

A trader decides to change his provision for doubtful debts from 2% to 3% of trade receivables. Which entry is made to record this?

Abad debts | income statement

Bincome statement | bad debts

Cincome statement | provision for doubtful debts

Dprovision for doubtful debts | income statement

✓ Correct answer

C: income statement | provision for doubtful debts

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 10.

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