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O-LevelAccountingAccounting principles and policies7707/11 · May/June 2024 · Q141 Mark

Samir runs a car hire business. He received cash payments for car hire. He also received the proceeds from the sale of an old vehicle. Which type of receipts were they?

Acapital capital
Bcapital revenue
Crevenue capital
Drevenue revenue

✓ Correct answer

C: revenue capital

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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 2024 Paper 1 Variant 1, question 14.

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