O-LevelAccountingSources and recording of data7707/12 · May/June 2013 · Q271 Mark
On 28 February the statutory deductions account had a credit balance of $2700. Statutory deductions during March amounted to $1800. The amount due for statutory deductions was paid on 31 March. Which entries should be made on 31 March?
Aaccount to be debited: bank $900, account to be credited: statutory deductions $900
Baccount to be debited: bank $4500, account to be credited: statutory deductions $4500
Caccount to be debited: statutory deductions $900, account to be credited: bank $900
Daccount to be debited: statutory deductions $4500, account to be credited: bank $4500
✓ Correct answer
D: account to be debited: statutory deductions $4500, account to be credited: bank $4500
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