O-LevelAccountingAccounting procedures7707/12 · May/June 2015 · Q111 Mark

At the end of her financial year Annie decided to reduce her provision for doubtful debts. Which entry recorded this?

Adebit: bad debts, credit: provision for doubtful debts

Bdebit: income statement, credit: provision for doubtful debts

Cdebit: provision for doubtful debts, credit: bad debts

Ddebit: provision for doubtful debts, credit: income statement

✓ Correct answer

D: debit: provision for doubtful debts, credit: income statement

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2015 Paper 1 Variant 2, question 11.

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