A-LevelAccountingDouble Entry BookkeepingFeb/Mar 2023Paper 1 Q21 Mark
A credit customer cleared her debt of $600 after deducting a cash discount of $12. How would the customer account appear in the books of the supplier after the payment has been recorded?
Adebit: balance b/d $600; credit: bank $588, discount allowed $12
Bdebit: balance b/d $600; credit: bank $588, discount received $12
Cdebit: bank $588, discount allowed $12; credit: balance b/d $600
Ddebit: bank $588, discount received $12; credit: balance b/d $600
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of double entry bookkeeping 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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