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O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2022 · Q111 Mark

Jacob purchased a motor vehicle for business use on credit from Waheed for $20000. This was not recorded in Jacob's books. Which journal entry would correct this error in Jacob's books?

Adebit Jacob, credit motor vehicles
Bdebit motor vehicles, credit Jacob
Cdebit motor vehicles, credit Waheed
Ddebit Waheed, credit motor vehicles

✓ Correct answer

C: debit motor vehicles, credit Waheed

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 11.

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