O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2023 · Q271 Mark

How are subscriptions received and subscriptions written off recorded in a receipts and payments account? [Table with columns: subscriptions received, subscriptions written off. Rows for options A, B, C, D]

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Aas a credit, as a debit

Bas a credit, no entry made

Cas a debit, as a credit

Das a debit, no entry made

✓ Correct answer

D: as a debit, no entry made

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 27.

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