Day: September 4, 2020

A wholesaler sold goods to Alex on credit. Alex was unable to pay the amount owing and the balance on his account was written off by the wholesaler.

Which entries will the wholesaler make to write off this irrecoverable debt?

Select ONE answer:

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct – Dr P&L Cr Current Assets
3. Not correct
4. Not correct

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