O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2013 · Q41 Mark

Sabena bought goods from Yasmin for $150 and received a 10% trade discount. How should Yasmin record this transaction?

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Adebit purchases $135 credit Yasmin $135

Bdebit purchases $150 credit Yasmin $135 discount received $15

Cdebit Sabena $135 credit sales $135

Ddebit Sabena $150 credit sales $150

✓ Correct answer

C: debit Sabena $135 credit sales $135

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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 4.

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