O-LevelAccountingSources and recording of dataOct/Nov 2017Paper 1 Q61 Mark
The following account appeared in Sue's ledger. Tony account: | May 1 balance b/d | $400 | May 16 returns | $21 | | 12 sales | $590 | 28 bank | $284 | | | | discount | $6 | | | | 31 balance c/d | $679 | | Total | $990 | Total | $990 | Which statement is correct?
AOn 12 May Tony sold goods, $590, to Sue.
BOn 16 May Sue returned goods, $21, to Tony.
COn 28 May Tony received discount, $6, from Sue.
DOn 31 May Sue owed $679 to Tony.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of sources and recording of data 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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