O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2024 · Q201 Mark

At the end of his financial year Raminder made an adjustment for rent owed to him by a tenant. How did this affect Raminder's financial statements?

Adecrease decrease

Bdecrease increase

Cincrease decrease

Dincrease increase

✓ Correct answer

D: increase increase

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 20.

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