O-LevelAccountingAccounting procedures7707/11 · May/June 2011 · Q111 Mark

Azad maintains a ledger account for general expenses. On 1 January there was a prepayment of $176. On 31 December there was an accrual of $212. The amount transferred to the income statement for the year was $10 690. What was the total paid for general expenses during the year?

A$10 302

B$10 654

C$10 726

D$11 078

✓ Correct answer

A: $10 302

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2011 Paper 1 Variant 1, question 11.

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