Exam-format practice

Ten questions in Section A format, each about a different business. In the exam each takes about 2.4 minutes. Before answering, write down three figures: the opening allowance, the closing allowance and the write-offs for the year.

Exam. If a question asks for "the amount in the statement of financial position", it wants receivables less the allowance. If it asks for "the amount in profit or loss", it wants the write-offs and the change in the allowance.