O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2013 · Q21 Mark

Zafar returned goods bought on credit from Khalid. How was this recorded in Zafar's books?

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Aaccount to be debited Khalid, account to be credited purchases returns

Baccount to be debited Khalid, account to be credited sales returns

Caccount to be debited purchases returns, account to be credited Khalid

Daccount to be debited sales returns, account to be credited Khalid

✓ Correct answer

A: account to be debited Khalid, account to be credited purchases returns

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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 2013 Paper 1 Variant 1, question 2.

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