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O-LevelAccountingAccounting principles and policies7707/11 · May/June 2023 · Q151 Mark

A trader's expenditure during the year includes the following amounts. $ redecoration of premises 5000 insurance of motor vehicles 2000 purchase of machinery 10000 How much should the trader charge to her income statement for the year?

A$7000
B$10000
C$12000
D$17000

✓ Correct answer

A: $7000

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2023 Paper 1 Variant 1, question 15.

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