Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

The account shown below was entered in Eli’s ledger. Which statement is correct?

  • AOn 1 June Eli was owed $220 by Jacob.
  • BOn 4 June Eli paid Jacob $210 by cheque.
  • COn 22 June Jacob sold goods to Eli for $400.
  • DOn 30 June Jacob was owed $400 by Eli.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI