Paper 1 May/June 2014 Accounting (9706/11) A Level

A book-keeper makes the following adjustments to ledger accounts before making transfers to the statement of profit or loss for the period.
1- The insurance expense account is debited for a prepaid amount.
2- The account for rent received is debited for an amount received in advance.
3- The allowance for irrecoverable debts account is debited for the reduction in the allowance.
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