O-LevelAccountingSources and recording of dataOct/Nov 2022Paper 1 Q31 Mark
Pradip settled Amal's account by credit transfer and received a cash discount for prompt payment. How did Pradip record this discount?
Adebit Amal, credit discount received
Bdebit cash, credit discount received
Cdebit discount allowed, credit Amal
Ddebit discount allowed, credit cash
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of sources and recording of data 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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