O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2022 · Q161 Mark

Manjit depreciates her motor vehicles by $1000 at the end of each financial year. Which journal entry would Manjit make at the end of each financial year?

Adebit income statement, credit provision for depreciation of motor vehicles

Bdebit motor vehicles, credit provision for depreciation of motor vehicles

Cdebit provision for depreciation of motor vehicles, credit income statement

Ddebit provision for depreciation of motor vehicles, credit motor vehicles

✓ Correct answer

A: debit income statement, credit provision for depreciation of motor vehicles

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 16.

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