A-LevelAccountingPreparation of financial statements9706/12 · May/June 2011 · Q101 Mark

A business paid $10 000 for waste disposal in the year. The opening prepayment was $1500 and the closing accrual was $2000. What was the charge for waste disposal for the year?

A$6500

B$9500

C$10 500

D$13 500

✓ Correct answer

D: $13 500

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2011 Paper 1 Variant 2, question 10.

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