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O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2017 · Q251 Mark

Sumit does not maintain a full set of accounting records. What does Sumit not need to calculate his credit sales?

Acustomer's dishonoured cheque

Bdiscounts allowed

Cdiscounts received

Dreturns inwards

✓ Correct answer

C: discounts received

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About this question

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 25.

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