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?
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. This question tests the candidate's understanding of double entry bookkeeping within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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