A-LevelAccountingThe accounting cycle9706/12 · Feb/Mar 2025 · Q21 Mark

On the first day of a financial period, before trading started, a business owner introduced her personal items to the business, consisting of goods costing $5000. Which entries should have been made to record this?

Aaccount debited: drawings, account credited: purchases

Baccount debited: inventory, account credited: capital

Caccount debited: inventory, account credited: drawings

Daccount debited: purchases, account credited: capital

✓ Correct answer

B: account debited: inventory, account credited: capital

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

Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2025 Paper 1 Variant 2, question 2.

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