A-LevelAccountingDouble Entry BookkeepingMay/June 2024Paper 1 Q31 Mark
Goods that had previously been purchased on credit have been returned to the supplier. How should this be recorded in the purchaser's books of account? account to be debited account to be credited
Abank purchases returns
Btrade payable bank
Ctrade payable purchases returns
Dpurchases returns trade payable
✓ Correct Answer
The correct answer is C. 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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