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O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2014 · Q111 Mark

Amina is a wholesaler selling shoes to retailers. Which is a revenue receipt?

Acapital introduced
Blong-term bank loan
Cproceeds of sale of shelving at book value
Dproceeds of sale of shoes at list price

✓ Correct answer

D: proceeds of sale of shoes at list price

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 11.

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