O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2020 · Q61 Mark
The following account appeared in the books of Mary. Paul account $ | $ --- | --- April 1 balance b/d 90 | April 21 returns 25 14 sales 150 | 30 bank 88 | discount 2 | balance c/d 125 240 | 240 Which statement is correct?
AOn 1 April Paul owed Mary $90.
BOn 14 April Paul sold goods, $150, to Mary.
COn 21 April Mary returned goods, $25, to Paul.
DOn 30 April Mary owed Paul $125.
✓ Correct answer
A: On 1 April Paul owed Mary $90.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.
Sign up free →