O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2017 · Q41 Mark

Which account always has a credit balance?

Acapital account

Bcash account

Cdrawings account

Dpremises account

✓ Correct answer

A: capital account

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 4.

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