O-LevelAccountingAccounting procedures7707/11 · May/June 2020 · Q271 Mark

Ahmed provided the following information. $ trade receivables at 1 January 2019 15000 for the year ended 31 December 2019: credit sales 85000 cash sales 12000 cheques received from trade receivables 65000 irrecoverable debts 2000 By how much had the trade receivables increased by the end of the financial year?

A$18000

B$30 000

C$33000

D$45000

✓ Correct answer

A: $18000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 1, question 27.

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