O-LevelAccountingSources and recording of dataOct/Nov 2018Paper 1 Q31 Mark
Wilma bought 55 items from Margot at a list price of $40 each, subject to a 15% trade discount. Wilma later returned 25 items as they were faulty. Which document did Margot issue to Wilma for the returned items?
Acredit note for $850
Bcredit note for $1000
Cdebit note for $850
Ddebit note for $1000
✓ Correct Answer
The correct answer is A. 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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