O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2022 · Q61 Mark

On 1 September, Peter sent a cheque to his credit supplier, John. This was correctly entered in John's books. On 10 September, the cheque was returned unpaid due to lack of funds. Which entries should be made in John's books on 10 September? account to be debited account to be credited A bank irrecoverable debts B bank Peter C irrecoverable debts bank D Peter bank

Abank, irrecoverable debts

Bbank, Peter

Cirrecoverable debts, bank

DPeter, bank

✓ Correct answer

D: Peter, bank

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 6.

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