Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

Jameel’s financial year comes to an end on 31 December. On 1 January 2021, he carried forward a debit balance on his stationery account. What does this balance mean?

  • 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

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