O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2020 · Q251 Mark

Anthony does not keep a full set of accounting records. He knows his opening and closing cash balances and wishes to calculate his cash sales. Which item does Anthony not need in order to calculate his cash sales?

Acash banked

Bcash discount

Ccash drawings

Dcash expenses

✓ Correct answer

B: cash discount

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 25.

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