O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2018 · Q31 Mark

Winston returned goods to Hanif. Which entries will Winston make in his ledgers?

Adebit entry: ledger general, account Hanif; credit entry: ledger purchases, account purchases returns

Bdebit entry: ledger general, account purchases returns; credit entry: ledger purchases, account Hanif

Cdebit entry: ledger purchases, account Hanif; credit entry: ledger general, account purchases returns

Ddebit entry: ledger purchases, account purchases returns; credit entry: ledger general, account Hanif

✓ Correct answer

C: debit entry: ledger purchases, account Hanif; credit entry: ledger general, account purchases returns

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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 2018 Paper 1 Variant 2, question 3.

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