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O-LevelAccountingSources and recording of data7707/11 · May/June 2020 · Q121 Mark

Peter's bank statement showed a debit balance of $600 on 1 April. The following transactions took place in April. $ total cheque deposits 7400 total cheque payments 6200 direct debit for insurance premium 180 credit transfer from customer 450 What was the bank statement balance on 30 April?

A$870 credit
B$870 debit
C$2070 credit
D$2070 debit

✓ Correct answer

A: $870 credit

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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 2020 Paper 1 Variant 1, question 12.

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