Accounting Multiple Choice Question – 13 December 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Accounting
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A trial balance at 30 April 2020, before making end of year adjustments, showed:

At 30 April 2020 it was decided to write off a bad debt of £800 and to make a provision for doubtful debts of 2 % of trade debtors.

During the year an amount of £200 was received from a customer relating to a debt that was written off in the year ended 30 April 2019.

What was the total bad and doubtful debts expense for the year ended 30 April 2020? 

Select ONE answer:

  1. £360
  2. £560
  3. £940
  4. £1,140

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

  1. Correct – (£17,800 – £800) *0.02 = £340 —> £560 – £340 – £200 + £800
  2. Not correct
  3. Not correct
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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