O-LevelAccountingAccounting proceduresOct/Nov 2021Paper 1 Q141 Mark
Amit's financial year ends on 31 December. The following account appeared in his sales ledger. Dipak account 2020 $ 2020 $ Jan 7 sales 3200 Jun 3 bank 1700 Oct 30 cash 230 Nov 21 ? 1270 3200 3200 What does the entry on 21 November represent?
Aan irrecoverable debt
Bdiscount allowed
Cthe balance carried down
Dthe recovery of a debt previously written off
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting procedures 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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