O-LevelAccountingAccounting proceduresOct/Nov 2010 · Q151 Mark

A trader decides to change his provision for doubtful debts from 2% of trade receivables (debtors) to 3% of trade receivables (debtors). Which entry is made to record this? account to be debited | account to be credited A bad debts | income statement (profit and loss) B income statement (profit and loss) | bad debts C income statement (profit and loss) | provision for doubtful debts D provision for doubtful debts | income statement (profit and loss)

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2010). The mark or mark type is shown in brackets.

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Structured question, 1 mark.
Source: O-Level Accounting, Oct/Nov 2010 Variant 1, question 15.

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