Team 1
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Team 2
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Teams
Name
Score
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25
×
A decrease in the provision for doubtful debts would result in..... How does it affect the profit?
an increase in net profit (profit for the year)
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Okay!
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20
×
Provision for doubtful debt increases on
credit
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Okay!
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25
×
An increase in the provision for doubtful debts would result in... How does it affect the expenses?
an increase in expenses
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Okay!
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20
×
Irrecoverable debt is recorded in income statement as
Expenses
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Okay!
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25
×
Double entry for irrecoverable debts:
Dr: Irrecoverable debts and Cr: Trade receivables
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Check
Okay!
Check
20
×
Irrecoverable debt increases on
debit
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
shark
Other team loses 15 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 20 points!
Oops!
20
×
Bad Debt recovered increases on
credit
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
shark
Other team loses 25 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 20 points!
Oops!
25
×
The provision for doubtful debt will be recorded under SOFP as
current asset
Oops!
Check
Okay!
Check
×
baam
Lose 25 points!
Oops!
×
rocket
Go to first place!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
25
×
Explain provision for doubtful debt
Estimate of the amount which will not be collected
Oops!
Check
Okay!
Check
×
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Review
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