◈ Oracle PrepSign Up Free
O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2024 · Q151 Mark

A limited company sells office equipment. The following amounts were recorded in the company's books of account. 1 cash received from disposal of motor vehicle $6000 2 cash received from issue of shares $9000 3 discount received $8000 4 rent received $5000 What was the total of the capital receipts of the company?

A$13000
B$14000
C$15000
D$23000

✓ Correct answer

C: $15000

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The fundamentals of accounting and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 15.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

The fundamentals of accountingMay/June 20121m

Which is an intangible asset?

The fundamentals of accountingMay/June 20121m

Two traders are considering forming a partnership. Which statement is not correct?

The fundamentals of accountingMay/June 20121m

What is a feature of preference shares?

Accounting proceduresMay/June 20111m

Ann is a trader. On 1 April 2011 Cindy's account in Ann's ledger showed a credit balance of $520. The following trans…

Verification of accounting recordsMay/June 20111m

A trial balance fails to agree. The credit column totals $10 000. Two errors are then found. The sales journal has b…

Accounting proceduresMay/June 20111m

Azad maintains a ledger account for general expenses. On 1 January there was a prepayment of $176. On 31 December th…

← Browse all past-paper questions

© 2026 Oracle Prep