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O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2017 · Q91 Mark

The following account appeared in Sue's ledger. Tony account $ May 1 balance b/d 400 12 sales 590 990 $ May 16 returns 21 28 bank 284 discount 6 31 balance c/d 679 990 Which statement is correct?

AOn 12 May Tony sold goods, $590, to Sue.
BOn 16 May Sue returned goods, $21, to Tony.
COn 28 May Tony received discount, $6, from Sue.
DOn 31 May Sue owed $679 to Tony.

✓ Correct answer

C: On 28 May Tony received discount, $6, from Sue.

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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 2017 Paper 1 Variant 1, question 9.

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