O-LevelAccountingSources and recording of dataOct/Nov 2017Paper 1 Q71 Mark
Mark sold goods on credit to Paul for $5000. Paul returned goods costing $200 to Mark. What were the balances in Paul's ledger accounts after these transactions? | | purchases account $ | purchases returns account $ | Mark account $ | |---|---|---|---| | A | 4800 credit | 200 credit | 5000 debit | | B | 4800 debit | 200 debit | 5000 credit | | C | 5000 credit | 200 debit | 4800 debit | | D | 5000 debit | 200 credit | 4800 credit |
A4800 credit 200 credit 5000 debit
B4800 debit 200 debit 5000 credit
C5000 credit 200 debit 4800 debit
D5000 debit 200 credit 4800 credit
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of sources and recording of data within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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