O-LevelAccountingAccounting procedures7707/11 · May/June 2010 · Q61 Mark

On 1 April the bank column in Miriam's cash book showed a debit balance of $150. During April the following transactions took place. $ receipts from sales banked 4210 dividends banked 180 cheques paid to suppliers 3270 What was the bank balance on 1 May?

A$790 credit

B$910 credit

C$970 debit

D$1270 debit

✓ Correct answer

D: $1270 debit

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2010 Paper 1 Variant 1, question 6.

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