Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

The balance shown below was included in a trial balance at 31 December 2015, following the preparation of the company’s financial statements. What did this show?

  • Aan amount due to the company’s stationery supplier for 2015
  • Ba prepayment made to the stationery supplier at 31 December 2015
  • Cinventory of stationery at 31 December 2014
  • Dthe annual stationery charge for 2015

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