O-LevelAccountingAccounting principles and policies7707/11 · Oct/Nov 2012 · Q161 Mark

Which are revenue expenditure for a motor vehicle dealer? 1 advertising costs 2 extension to premises 3 purchase of cars for resale 4 purchase of cars for sales people

A1 and 2

B1 and 3

C2 and 4

D3 and 4

✓ Correct answer

B: 1 and 3

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 1, question 16.

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