O-LevelAccountingAccounting procedures7707/11 · May/June 2021 · Q211 Mark

On 1 April 2020 Ahmed had a provision for doubtful debts of $290. The following journal entry was made on 31 March 2021. debit $ credit $ provision for doubtful debts 25 income statement 25 What was the provision for doubtful debts deducted from trade receivables in Ahmed's statement of financial position on 31 March 2021?

A$25

B$265

C$290

D$315

✓ Correct answer

B: $265

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2021 Paper 1 Variant 1, question 21.

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