Accounting 0452 · IGCSE · Irrecoverable debts and provision for doubtful debts

Irrecoverable debts and provision for doubtful debts — practice question

A company’s financial year finishes on 31 March. Trade receivables were $45\,000$ on 31 March 2021 and $41\,000$ on 31 March 2022. A bad debt of $1000$ has still not been written off at 31 March 2022. The provision for doubtful debts is to stay at $5\%$. What is the impact of the irrecoverable debt and the change to the provision for doubtful debts on the profit for the year ended 31 March 2022?

  • Adecrease $750
  • Bdecrease $800
  • Cdecrease $1200
  • Ddecrease $1250

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