O-LevelAccountingAccounting procedures7707/11 · May/June 2015 · Q101 Mark
At the end of the financial year, Ryan had accrued motor expenses of $200. How will this appear in Ryan's ledger and statement of financial position? motor expenses account statement of in the ledger financial position A credit balance brought down current asset B credit balance brought down current liability C debit balance brought down current asset D debit balance brought down current liability
Acredit balance brought down current asset
Bcredit balance brought down current liability
Cdebit balance brought down current asset
Ddebit balance brought down current liability
✓ Correct answer
B: credit balance brought down current liability
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