O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2013 · Q101 Mark

The following rent account appeared in Dixon's ledger. 2012 Jan 1 balance 1000 Dr Jan 30 bank 3000 4000 Dr May 27 bank 3000 7000 Dr Oct 26 bank 3200 10200 Dr Dec 31 income statement 12600 2400 Cr Which statement is correct?

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.

ADixon always pays his rent in advance.

BDixon always pays his rent in arrears.

CDixon both pays and receives rent.

DDixon sometimes pays his rent in arrears.

✓ Correct answer

D: Dixon sometimes pays his rent in arrears.

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 2013 Paper 1 Variant 1, question 10.

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