◈ Oracle PrepSign Up Free
O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2021 · Q21 Mark

What increases owner's capital?

Abank loan extended from five to ten years
Bpurchase of inventory on credit
Cpurchase of machinery by cheque
Dtransfer of vehicle to business from private use

✓ Correct answer

D: transfer of vehicle to business from private use

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The fundamentals of accounting and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2021 Paper 1 Variant 1, question 2.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

The fundamentals of accountingMay/June 20121m

Which is an intangible asset?

The fundamentals of accountingMay/June 20121m

Two traders are considering forming a partnership. Which statement is not correct?

The fundamentals of accountingMay/June 20121m

What is a feature of preference shares?

Verification of accounting recordsMay/June 20121m

Lisa's trial balance failed to balance and a suspense account was opened. It was found that the return of goods, $20,…

Verification of accounting recordsMay/June 20121m

What would be entered in a purchases ledger control account?

Preparation of financial statementsMay/June 20121m

Which statement is correct?

← Browse all past-paper questions

© 2026 Oracle Prep