O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2012 · Q101 Mark

The following balances were extracted from Majid's purchases and sales ledgers. Walid account $1500 debit Xian account $1700 debit Yu account $2300 credit Zaid account $2700 credit How much does Majid owe?

A$1800

B$3200

C$5000

D$8200

✓ Correct answer

C: $5000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 1, question 10.

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