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O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2024 · Q31 Mark

Jameel's financial year ends on 31 December. On 1 January 2021 he brought down a debit balance on his stationery account. What does this balance represent?

Aamount owing for stationery on 1 January 2021
Bamount paid for stationery during 2020
Ccost of stationery used during 2020
Dinventory of stationery on 1 January 2021

✓ Correct answer

D: inventory of stationery on 1 January 2021

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2024 Paper 1 Variant 2, question 3.

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