O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2014 · Q81 Mark

On 1 September Wayne sent a cheque to his credit supplier, John. This was correctly entered in John's books. On 10 September the cheque was returned unpaid due to lack of funds. Which entries will be made in John's books on 10 September?

Aaccount to be debited: bad debts, account to be credited: bank

Baccount to be debited: bank, account to be credited: bad debts

Caccount to be debited: bank, account to be credited: Wayne

Daccount to be debited: Wayne, account to be credited: bank

✓ Correct answer

D: account to be debited: Wayne, account to be credited: bank

Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.

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 8.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content