O-LevelAccountingAccounting proceduresOct/Nov 2019Paper 1 Q111 Mark
A supplier's account in Shilpa's ledger showed a balance owing on 1 October of $3400. In October Shilpa purchased goods, $860, and returned goods, $55. During the month she made a payment of $2000. What was the balance on the supplier's account in Shilpa's ledger on 1 November?
A$2205 credit
B$2205 debit
C$6205 credit
D$6205 debit
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting procedures 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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