A-LevelAccountingThe accounting cycle9706/12 · May/June 2015 · Q21 Mark

A trader made the following transactions. $ cash withdrawn from bank for business use 200 cash banked 120 What was the total effect on ledger accounts?

Abank account 80 cash account 80

Bbank account 320 cash account 320

Ccash account 80 bank account 80

Dcash account 320 bank account 320

✓ Correct answer

C: cash account 80 bank account 80

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 2.

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