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O-LevelAccountingSources and recording of dataOct/Nov 2020Paper 1 Q31 Mark

The following account appeared in the books of Mary. Paul account $ $ April 1 balance b/d 90 14 sales 150 April 21 returns 25 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

The correct answer is A. This question tests the candidate's understanding of sources and recording of data 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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About This O-Level Accounting Question

This multiple-choice question appeared in the Cambridge O-Level Accounting (7707) Oct/Nov 2020 examination, Paper 1 Variant 3. It tests the topic of Sources and recording of data and is worth 1 mark.

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