O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2019 · Q111 Mark

A supplier's account in Shilpa's ledger showed a balance owing on 1 October of $3400. In October Shilpa purchased goods, $860, and returned goods, $55. During the month she made a payment of $2000. What was the balance on the supplier's account in Shilpa's ledger on 1 November?

A$2205 credit

B$2205 debit

C$6205 credit

D$6205 debit

✓ Correct answer

A: $2205 credit

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 11.

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