O-LevelAccountingAccounting procedures7707/11 · May/June 2025 · Q201 Mark

A business provided the following information about two expenses. [Table with data: '1 January 2024 $ (electricity 240 accrued, insurance 180 prepaid)', 'amount paid during year ended 31 December 2024 $ (electricity 1500, insurance 1200)', '31 December 2024 $ (electricity 360 accrued, insurance 220 prepaid)']. Which amounts are charged to the income statement for the year ended 31 December 2024?

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Aelectricity $900, insurance $800

Belectricity $1380, insurance $1240

Celectricity $1620, insurance $1160

Delectricity $2100, insurance $1600

✓ Correct answer

C: electricity $1620, insurance $1160

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 20.

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