O-LevelAccountingAccounting procedures7707/11 · May/June 2019 · Q111 Mark

On 1 March 2019, a trader paid rent of $1200 covering the period 1 March 2019 to 31 May 2019. The trader's financial year ends on 31 March 2019. What balance was brought down on the rent payable account on 1 April 2019?

Acredit $400

Bcredit $800

Cdebit $400

Ddebit $800

✓ Correct answer

A: credit $400

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2019 Paper 1 Variant 1, question 11.

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