O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2024 · Q51 Mark

Ranjit is a credit customer of Balbir. In April the following activities took place. Balbir sold goods on credit to Ranjit. Ranjit advised Balbir that some of the goods were damaged. Balbir advised Ranjit of a reduction in the amount owing. Which documents were used to record these activities?

Adebit note, credit note and receipt

Binvoice, credit note and receipt

Cinvoice, credit note and statement of account

Dinvoice, debit note and credit note

✓ Correct answer

D: invoice, debit note and credit note

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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 2024 Paper 1 Variant 2, question 5.

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