O-LevelAccountingSources and recording of data7707/11 · May/June 2012 · Q121 Mark

On 1 April the balance on the purchases account was $7200. During April the following transactions took place. cash purchases $1200 credit purchases $5000 goods taken by the owner for her own use $250 What was the balance on the purchases account on 30 April?

A$5950

B$11 950

C$13 150

D$13 400

✓ Correct answer

C: $13 150

Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.

Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 1, question 12.

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