O-LevelAccountingVerification of accounting recordsOct/Nov 2017Paper 1 Q141 Mark
Mona paid $32000 for a new motor vehicle. This included $100 for fuel and $250 for road tax. She debited the purchases account and credited the cash book with $32000. Which journal entry corrects this error?
Adebit motor vehicle $32000, credit purchases $32000
Bdebit purchases $32000, credit motor vehicles $32000
Cdebit motor vehicles $31650, motor vehicle expenses $350, credit purchases $32000
Ddebit purchases $32000, credit motor vehicles $31650, motor vehicle expenses $350
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of verification of accounting records within the Accountingsyllabus. The examiner's mark scheme requires...
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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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