O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2023 · Q31 Mark

A trader, Karim, purchases a new vehicle by cheque. He will use the vehicle to deliver goods to his customers. How should Karim record this transaction in his books? account to be debited account to be credited

Abank motor vehicles

Bbank purchases

Cmotor vehicles bank

Dpurchases bank

✓ Correct answer

C: motor vehicles bank

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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 2023 Paper 1 Variant 2, question 3.

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