A-LevelAccountingDouble Entry BookkeepingOct/Nov 2023Paper 1 Q31 Mark

Maria recorded a cheque for $475 received from Josh, a credit customer. Josh had deducted a 5% cash discount. The cheque has now been returned as dishonoured. What is the correct entry to record the return of the cheque in Maria's books?

Q: What topic does this question test?

This question tests Double Entry Bookkeeping in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Adebit: bank $475, discount received $25; credit: Josh $500

Bdebit: Josh $500; credit: bank $475, discount received $25

Cdebit: bank $475, discount allowed $25; credit: Josh $500

Ddebit: Josh $500; credit: bank $475, discount allowed $25

✓ Correct Answer

The correct answer is D: debit: Josh $500; credit: bank $475, discount allowed $25

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Double Entry Bookkeeping in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2023 examination, Paper 1 Variant 2.

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