O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2012 · Q161 Mark

Which entry is required to record the annual depreciation charge on machinery? debit credit A income statement machinery at cost account B income statement provision for depreciation of machinery account C machinery at cost account income statement D provision for depreciation of machinery account income statement

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Aincome statement machinery at cost account

Bincome statement provision for depreciation of machinery account

Cmachinery at cost account income statement

Dprovision for depreciation of machinery account income statement

✓ Correct answer

B: income statement provision for depreciation of machinery account

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

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 16.

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