O-LevelAccountingAccounting procedures7707/11 · May/June 2014 · Q61 Mark

A business provided the following information for March. credit notes issued $2000 debit notes received $1000 payments received from credit customers $93000 The total owed by credit customers on 31 March was the same as on 1 March. What was the value of the invoices issued in March?

A$90000

B$91000

C$95000

D$96000

✓ Correct answer

C: $95000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 6.

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