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O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2014 · Q71 Mark

Where are the totals of the purchases returns journal and the sales journal posted?

Apurchases returns account: credit, sales account: credit
Bpurchases returns account: credit, sales account: debit
Cpurchases returns account: debit, sales account: credit
Dpurchases returns account: debit, sales account: debit

✓ Correct answer

A: purchases returns account: credit, sales account: credit

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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 2014 Paper 1 Variant 1, question 7.

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