The Following Information Is Taken from the Accounts of Birmingham

question 23

Multiple Choice

The following information is taken from the accounts of Birmingham Ltd for year ended 30 June 2019. What was the value of debts written off as irrecoverable during the year?

• A) $5 000
• B) $8 000
• C) $12 000
• D) $20 000

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Definitions:

Follicle-stimulating Hormone

A hormone secreted by the pituitary gland that promotes the growth of ovarian follicles in females and spermatogenesis in males.

Luteinizing Hormone

A hormone produced by the anterior pituitary gland that triggers ovulation and stimulates the production of progesterone in females, and testosterone in males.

Beta Cells

Cells located in the pancreas that produce insulin, which helps regulate blood glucose levels.

Insulin

Insulin is a hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into cells.