O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2013 · Q71 Mark

The following account appeared in a trader's ledger. equipment account 2013 details debit $ credit $ balance $ July 31 balance 4000 Dr August 2 bank 7500 What was the balance on the account on 2 August?

A$3500 credit

B$3500 debit

C$11500 credit

D$11500 debit

✓ Correct answer

D: $11500 debit

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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 2013 Paper 1 Variant 2, question 7.

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