O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 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
The correct answer is D. This question tests the candidate's understanding of sources and recording of data within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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