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

Irrecoverable debts and provision for doubtful debts — practice question

Farouk sells goods on credit. Khalid, who is a credit customer, gave a cheque that the bank later dishonoured. How should Farouk record this?

  • Aaccount to be debited: bank; account to be credited: Khalid
  • Baccount to be debited: irrecoverable debts; account to be credited: Khalid
  • Caccount to be debited: Khalid; account to be credited: bank
  • Daccount to be debited: Khalid; account to be credited: irrecoverable debts

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