O-LevelAccountingSources and recording of data7707/11 · May/June 2012 · Q111 Mark

Sukesh's account in the books of Jack showed the following. Sukesh account date debit $ credit $ balance $ May 1 balance 450 dr 4 sales 200 650 dr 8 bank 432 218 dr 8 discount 18 200 dr Which statements about the transactions on 8 May are correct? 1 Jack made a payment to Sukesh. 2 Jack received a payment from Sukesh. 3 Sukesh allowed a discount to Jack. 4 Sukesh received a discount from Jack.

A1 and 3

B1 and 4

C2 and 3

D2 and 4

✓ Correct answer

D: 2 and 4

Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.

Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 1, question 11.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content