O-LevelAccountingAccounting procedures7707/12 · May/June 2023 · Q311 Mark

A trader did not keep a complete set of accounts. He provided the following information for the year. opening trade payables 5000 closing trade payables 9800 payments to credit suppliers 35 000 cash discounts received 3000 What were the purchases for the year?

A$30200

B$36800

C$39800

D$42800

✓ Correct answer

D: $42800

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

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2023 Paper 1 Variant 2, question 31.

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