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O-LevelCommerceFinance7100/11 · Oct/Nov 2018 · Q121 Mark

The diagram shows a statement of account. HH Wholesalers Ltd Moorgate Road Anywhere OO Retailers Ltd 784 Brightside Anytown May 2018 Date Details Debit $ Credit $ Balance $ 30 April Balance b/f 200.00 01 May Invoice No. 627 50.00 250.00 05 May Credit Note No. 45 10.00 240.00 06 May Cheque 200.00 40.00 26 May Invoice No. 695 600.00 X What is the value of X?

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A-$560.00
B$440.00
C$640.00
D$730.00

✓ Correct answer

C: $640.00

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 12.

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