IGCSE · Accountancy · Chapter 12

Ch 12 Irrecoverable Debts and Allowance for Irrecoverable Debts: complete notes

Neat, exam-ready notebook-style notes for Ch 12 Irrecoverable Debts and Allowance for Irrecoverable Debts, following the Cambridge IGCSE 0452 syllabus. This chapter is part of the complete IGCSE Accounting 0452 Complete Notes: All 22 Chapters with Full Layouts and Mark Schemes (Cambridge 2027–2029).

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Free preview: Ch 12 Irrecoverable Debts and Allowance for Irrecoverable Debts notes

A quick look at the chapter from our IGCSE Accountancy notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.

Topics in this chapter

12.1 Irrecoverable debts
Why a debt becomes irrecoverable
Why it must be written off
Model layouts
12.2 Irrecoverable debts recovered
12.3 The allowance for irrecoverable debts
The need for an allowance

“I can” checklist: what you must be able to do

define irrecoverable debts and debts recovered
give reasons why a debt becomes irrecoverable
journal and post a write-off, with a narrative
record a part payment from a bankrupt customer
record a recovered debt in two steps
explain the need for an allowance
calculate the allowance after write-offs
record the creation, increase and decrease
balance the allowance account each year
show net trade receivables in the statement
suggest ways to reduce irrecoverable debts
advise with for, against and a recommendation

What is inside the full chapter notes

Concept notes, the double entries, model layouts (customer account, irrecoverable debts account, journal, allowance account, statement extracts), 8 worked examples
Exam skills for Paper 2; common mistakes from the examiner report
20 Paper 1 style multiple-choice questions, explained
Two Paper 2 style questions (20 marks each) with full mark schemes and answer layouts
Quick-reference table, "I can" checklist

See real pages (free sample)

What you get in the pack

All 22 chapters of the Cambridge IGCSE Accounting 0452 syllabus (exams 2027–2029): the accounting equation, double entry, business documents, books of prime entry, the trial balance, correction of errors, bank reconciliation, control accounts, depreciation, accruals and prepayments, irrecoverable debts, inventory, financial statements of sole traders, partnerships, limited companies, manufacturers and clubs, incomplete records, ratios and accounting concepts
Every syllabus statement covered in order, with clear notes and complete accounting layouts drawn for these notes
Worked examples with full layouts, exam skills and key definitions in every chapter
Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
20 Paper 1 style MCQs per chapter with answers and explanations
Original exam-style questions in the style of Paper 1 (multiple choice) and Paper 2 (structured written paper), with full mark schemes (no past-paper reprints)
Quick-reference sheet and an "I can" checklist at the end of every chapter
Colour PDF and a black and white copy of every chapter for printing
Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment

All chapters in this pack

← Ch 11 Other Payables and Other Receivables Ch 13 Valuation of Inventory →