O-LevelAccountingSources and recording of data7707/13 · Oct/Nov 2020 · 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

A: On 1 April Paul owed Mary $90.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 3, question 3.

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