Step 2

Question 1

A loss on disposal will raise or lower the asset register?

Answer 1

Lower

Question 2

As the probability of non-payment allowance rises, what will this do the irrecoverable debt expense?

Answer 2

It causes it to rise

Question 3

For A credit note received for £100 that has been entered as an invoice, will it need correction of £100 or £200 in the debit side of the payables account?

Answer 3

£200