◈ Oracle PrepSign Up Free
O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2015 · Q21 Mark

Which item would be recorded by a credit entry in an account?

Adecrease in capital
Bdecrease in liabilities
Can increase in assets
Dan increase in capital

✓ Correct answer

D: an increase in capital

Practise more questions on this topic

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

Sign up free →

About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 2.

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

Related Accounting questions

The fundamentals of accountingMay/June 20111m

Which is the accounting equation?

The fundamentals of accountingMay/June 20111m

Which is not a service business?

The fundamentals of accountingMay/June 20111m

Which is a direct cost?

Verification of accounting recordsMay/June 20111m

A trial balance fails to agree. The credit column totals $10 000. Two errors are then found. The sales journal has b…

Accounting proceduresMay/June 20111m

Azad maintains a ledger account for general expenses. On 1 January there was a prepayment of $176. On 31 December th…

Sources and recording of dataMay/June 20111m

Winston decides to write off a debt due to him from Leroy for goods sold on credit. How is this recorded in Winston'…

← Browse all past-paper questions

© 2026 Oracle Prep