O-LevelAccountingAccounting procedures7707/12 · May/June 2025 · Q141 Mark

When Mark started a car repair business, he purchased premises and equipment. Two years later, he spent $5000 on building an extension, $600 on new equipment and $750 on repainting the original premises. By how much will the non-current assets increase because of these transactions (ignore depreciation)?

A$5000

B$5600

C$5750

D$6350

✓ Correct answer

B: $5600

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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 2, question 14.

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