O-LevelAccountingAccounting procedures7707/12 · May/June 2013 · Q111 Mark

On 1 January 2012 Ahmed's rent receivable account had a credit balance of $160. On 31 December 2012 he transferred $1800 from the rent receivable account to the income statement. On 1 January 2013 the rent receivable account had a credit balance of $90. How much rent did Ahmed receive in 2012?

A$1550

B$1730

C$1870

D$2050

✓ Correct answer

B: $1730

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 2, question 11.

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