9706/11 Accounting May Jun 2021 Online Test | Cambridge AS and A Level MCQ

The accounting year end of a company is 31 December.
The company purchased a motor vehicle on 1 January 2020 and incurred the following costs.
1 cost, $\$ 30000$, of which half was paid by cheque. The balance was paid by a bank loan. Loan interest for the year ended 31 December 2020 was $\$ 2500$.
2 delivery cost, $\$ 2000$
3 engine improvement cost, $\$ 4000$
4 repair and maintenance costs for…