O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2012 · Q61 Mark

On 30 March the bank columns of a cash book showed an overdraft of $1860. On 31 March the following transactions took place. paid cash into the bank $490 bought stationery and paid by cheque $20 What was the bank balance brought down on 1 April?

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A$1390 credit

B$1390 debit

C$2330 credit

D$2330 debit

✓ Correct answer

A: $1390 credit

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 6.

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