A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2015 · Q31 Mark

A business paid $10000 for motor expenses in the year. The opening prepayment was $1500 and the closing accrual was $2000. What was the charge for motor expenses for the year?

A$6500

B$9500

C$10500

D$13500

✓ Correct answer

D: $13500

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2015 Paper 1 Variant 2, question 3.

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