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

Irrecoverable debts and provision for doubtful debts — practice question

Which journal entry should be made to close the irrecoverable debts account at the end of the year?

  • ADebit income statement; Credit irrecoverable debts
  • BDebit irrecoverable debts; Credit income statement
  • CDebit irrecoverable debts; Credit trade receivables
  • DDebit trade receivables; Credit irrecoverable debts

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