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O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2020 · Q101 Mark

Motor vehicle expenses, $50, were incorrectly debited to the motor vehicles account. Which journal entry corrects this error? debit $ | credit $ --- | --- motor vehicle expenses 50 | motor vehicles | 50 motor vehicles 50 | motor vehicle expenses | 50 motor vehicles expenses 50 | motor vehicles 50 | suspense 100 suspense 100 | motor vehicles expenses | 50 motor vehicles | 50

Amotor vehicle expenses 50 | motor vehicles 50
Bmotor vehicles 50 | motor vehicle expenses 50
Cmotor vehicles expenses 50, motor vehicles 50 | suspense 100
Dsuspense 100 | motor vehicles expenses 50, motor vehicles 50

✓ Correct answer

A: motor vehicle expenses 50 | motor vehicles 50

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 10.

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