A-LevelAccountingThe accounting cycle9706/12 · Oct/Nov 2025 · Q21 Mark

Which items appear in the credit column of a trial balance?

Adiscounts allowed, returns inwards

Bdiscounts allowed, returns outwards

Cdiscounts received, returns inwards

Ddiscounts received, returns outwards

✓ Correct answer

D: discounts received, returns outwards

Oracle Prep sorts past-paper questions by topic, so you can drill The accounting cycle and see which topics are most likely to come up next.

Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2025 Paper 1 Variant 2, question 2.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A trader sells goods for $6600 to a customer on 31 March 2019, the last day of his financial year. He does not produc…

A business values its inventory at the lower of cost and net realisable value. Which accounting concept is being appl…

On 1 May, Tom sold an old motor vehicle with a net book value of $10000 to Arnold for $12000. Arnold paid $7500 by ch…

A retailer made the following purchases of inventory in October. 5 Oct: 50 units at $500, total cost $25000; 12 Oct: …

A company has two departments in its factory. The details are shown. Machining department: budgeted fixed overheads $…

What would cause overheads to be over-absorbed?