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O-LevelAccountingSources and recording of data7707/11 · May/June 2011 · Q51 Mark

Wayne has sent the following business documents to Len, a customer. $ Jan 1 invoice 250 Jan 12 invoice 370 Jan 14 credit note 90 Jan 18 invoice 480 Feb 2 invoice 670 There was no opening balance on Len's account and no payments made by Len during January. What is the amount to be paid by Len to clear his January account?

A$1010
B$1190
C$1680
D$1860

✓ Correct answer

A: $1010

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About this question

Topic
Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2011 Paper 1 Variant 1, question 5.

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