A-LevelAccountingThe accounting cycle9706/12 · Oct/Nov 2022 · Q11 Mark

Which items would be entered in the General Journal? 1 goods taken by owner for personal use 2 goods purchased for resale 3 purchase of a non-current asset on credit 4 purchase of office stationery

A1 and 2

B1 and 3 only

C1, 3 and 4

D3 and 4 only

✓ Correct answer

B: 1 and 3 only

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 1.

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