O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2017 · 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?

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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

C: On 28 May Tony received discount, $6, from Sue.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 6.

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