O-LevelAccountingSources and recording of data7707/13 · Oct/Nov 2022 · Q41 Mark

Morgan made the following double entry in his ledgers. debit sales returns account credit Sally account Which transaction was being recorded?

Agoods returned by Morgan to Sally, Morgan's credit customer

Bgoods returned by Morgan to Sally, Morgan's credit supplier

Cgoods returned by Sally to Morgan, Sally's credit customer

Dgoods returned by Sally to Morgan, Sally's credit supplier

✓ Correct answer

D: goods returned by Sally to Morgan, Sally's credit supplier

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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 3, question 4.

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