O-LevelAccountingAccounting procedures7707/12 · May/June 2021 · Q201 Mark

Shilpa's financial year ends on 30 April. On 31 March 2021 she wrote off a debt owed by Tahir as irrecoverable. Which entry did Shilpa make on 31 March 2021?

Adebit income statement, credit Tahir

Bdebit irrecoverable debts, credit income statement

Cdebit irrecoverable debts, credit Tahir

Ddebit Tahir, credit irrecoverable debts

✓ Correct answer

A: debit income statement, credit Tahir

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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 2, question 20.

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