O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2021 · Q111 Mark
A standing order paid for rent has not been entered into the accounting records of a business. Which statement is correct?
ABecause the payment was made automatically, no additional entries are required in the accounting records.
BBecause the payment was made automatically, only an entry in the rent account is required.
CEntries are required in the cash book and in the bank reconciliation statement.
DEntries are required in the cash book and in the nominal (general) ledger.
✓ Correct answer
D: Entries are required in the cash book and in the nominal (general) ledger.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →