O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2014 · Q51 Mark

Andrew purchased a motor vehicle on credit from Claude Motor Company. How would Claude Motor Company record this?

Aaccount to be debited: Andrew, account to be credited: motor vehicle

Baccount to be debited: Andrew, account to be credited: sales

Caccount to be debited: motor vehicle, account to be credited: Andrew

Daccount to be debited: sales, account to be credited: Andrew

✓ Correct answer

B: account to be debited: Andrew, account to be credited: sales

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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 2014 Paper 1 Variant 1, question 5.

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