Cambridge IGCSE Accounting practice

Paper 2 structured question: Irrecoverable debts and provision for doubtful debts

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Paper

Marks

Topic

Irrecoverable debts and provision for doubtful debts

Exam-style question

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Paper 2Structured Written Paper2 marks

A company has identified a debt of $1,000 as irrecoverable and decides to write it off.

Description

The company needs to record the write-off of the irrecoverable debt in its accounts.

a
Explain the journal entry required to write off the irrecoverable debt.
Your answer
Aim for approximately 2 distinct marking points.
[2]

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Paper 2Structured Written Paper2 marks

Description

The company needs to record the adjustment to the provision for doubtful debts.

a
Calculate the journal entry required to adjust the provision for doubtful debts.
Your answer
Aim for approximately 2 distinct marking points.
[2]