O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2022 · Q31 Mark

Bilal purchased goods on credit from Asim. Where should Asim record this transaction? 1 cash book 2 nominal (general) ledger 3 purchases ledger 4 sales ledger

A1 and 2

B1 and 4

C2 and 3

D2 and 4

✓ Correct answer

D: 2 and 4

Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.

Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 3.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

An employer provides each employee with a time sheet. Which statement is correct?

The Sandhill Golf Club has 150 members who each pay an annual subscription of $40. On 1 January 2010 subscriptions un…

Mohan is a trader. On 24 April 2011 he had a bank overdraft of $150. The following transactions took place during th…

Repairs to a motor vehicle were debited in error to the motor vehicles account. How does this affect the profit for t…

The difference on a trial balance was entered in a suspense account. It was later found that the purchases returns jo…

A sales ledger control account showed the following. $ opening debit balance 2000 sales 10 000 receipts from debtors …