O-LevelAccountingSources and recording of data7707/12 · May/June 2012 · Q41 Mark

What is true about a statement of account issued by a business? 1 It is a source document for the purchases journal. 2 It is a source document for the sales journal. 3 It is sent by a customer to a supplier. 4 It is sent by a supplier to a customer.

A1 and 3

B2 and 4

C3 only

D4 only

✓ Correct answer

D: 4 only

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, May/June 2012 Paper 1 Variant 2, question 4.

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