O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2021 · Q71 Mark

Farouk sells goods on credit. A cheque from Khalid, a credit customer, was dishonoured by the bank. How should Farouk record this? [Figure showing table with account to be debited and account to be credited columns]

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Abank Khalid

Birrecoverable debts Khalid

CKhalid bank

DKhalid irrecoverable debts

✓ Correct answer

C: Khalid bank

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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 7.

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