O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2014 · Q251 Mark

A trader provided the following information for September 2014. opening trade payables $40000 cheques paid to credit suppliers $220000 purchases on credit $240000 discount received $10000 How much were the trade payables on 30 September 2014?

A$10000

B$30000

C$50000

D$70000

✓ Correct answer

C: $50000

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 25.

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