O-LevelAccountingAccounting procedures7707/12 · May/June 2024 · Q181 Mark

Devendra prepared the following journal entry. debit $ credit $ irrecoverable debts 714 Tobias 714 Which statement is correct?

ADevendra has provided for a doubtful debt owed by Tobias.

BDevendra has received the amount due from Tobias.

CTobias cannot pay the amount due to Devendra.

DTobias paid an amount previously written off by Devendra.

✓ Correct answer

C: Tobias cannot pay the amount due to Devendra.

Oracle Prep sorts past-paper questions by topic, so you can drill Accounting procedures and see which topics are most likely to come up next.

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2024 Paper 1 Variant 2, question 18.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content