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O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2013 · Q271 Mark

Mark paid net wages, $5200, for the month of August after statutory deductions of $1200. Which journal entry records this transaction? debit $ credit $

Acash 4000 statutory deductions 1200 wages 5200
Bcash 5200 statutory deductions 1200 wages 6400
Cwages 5200 cash 4000 statutory deductions 1200
Dwages 6400 cash 5200 statutory deductions 1200

✓ Correct answer

D: wages 6400 cash 5200 statutory deductions 1200

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About this question

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 2, question 27.

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