Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

Shula’s financial year finishes on 31 March. On 1 April 2021, Yasmin’s account in Shula’s purchases ledger showed a credit balance of $100. What is meant by this?

  • AShula had paid $100 to Yasmin.
  • BShula owed $100 to Yasmin.
  • CYasmin had paid $100 to Shula.
  • DYasmin owed $100 to Shula.

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