O-LevelAccountingSources and recording of dataOct/Nov 2020Paper 1 Q81 Mark
Sue allows 2% cash discount to credit customers who settle their account within 28 days. Jane purchased goods, list price $200, on 10 September. She returned these goods on 15 September. Which entry would Sue make on 15 September?
Apurchases returns journal $196
Bpurchases returns journal $200
Csales returns journal $196
Dsales returns journal $200
✓ 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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