O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2015 · Q41 Mark

How are the totals of the sales journal and the purchases returns journal recorded in the ledger?

Acredit sales account | credit purchases returns account

Bcredit sales account | debit purchases returns account

Cdebit sales account | credit purchases returns account

Ddebit sales account | debit purchases returns account

✓ Correct answer

A: credit sales account | credit purchases returns account

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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 2015 Paper 1 Variant 1, question 4.

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