O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2014 · Q31 Mark

A trader purchased a motor vehicle for his business using a cheque from his personal bank account. How is this recorded in the books of the business?

Abank, motor vehicles

Bcapital, motor vehicles

Cmotor vehicles, bank

Dmotor vehicles, capital

✓ Correct answer

D: motor vehicles, capital

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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 2014 Paper 1 Variant 2, question 3.

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