O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2012 · Q101 Mark

Which account could have a credit balance?

Abank

Bcarriage inwards

Ccarriage outwards

Dcash

✓ Correct answer

A: bank

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 10.

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