O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2021 · Q51 Mark

Leah bought goods, $8000, less 15% trade discount. She later returned half of these goods as they were faulty. Which document did Leah issue to the supplier for the returned goods?

Acredit note for $3400

Bdebit note for $3400

Ccredit note for $4000

Ddebit note for $4000

✓ Correct answer

B: debit note for $3400

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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 2021 Paper 1 Variant 2, question 5.

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