O-LevelAccountingAccounting principles and policies7707/11 · May/June 2022 · Q141 Mark

The following payments were made by John when he purchased a machine. Purchase of machine: $10000 Delivery charge: $1200 Insurance: $800 Installation charge: $900 Pre-paid maintenance charge: $400 How much should have been debited to the machinery account?

A$10900

B$11200

C$12 100

D$12500

✓ Correct answer

C: $12 100

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 1, question 14.

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