O-LevelAccountingAccounting procedures7707/11 · May/June 2025 · Q171 Mark

A provision for doubtful debts of 5% of trade receivables is maintained. At 1 January 2024, the provision for doubtful debts account had a credit balance of $240. At 31 December 2024, trade receivables owed $5200. It was decided that $200 of this amount was irrecoverable. Which entry was made in the provision for doubtful debts account on 31 December 2024?

Adebit $10

Bcredit $10

Cdebit $20

Dcredit $20

✓ Correct answer

B: credit $10

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 17.

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