O-LevelAccountingSources and recording of data7707/11 · May/June 2013 · Q81 Mark

The cash book acts as a ledger account for which accounts? | | cash account | bank account | discount allowed account | discount received account | |---|---|---|---|---| | A | ✓ | ✓ | | | | B | | ✓ | ✓ | | | C | | ✓ | ✓ | ✓ | | D | ✓ | ✓ | | ✓ |

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A✓ cash account, ✓ bank account

B✓ bank account, ✓ discount allowed account

C✓ bank account, ✓ discount allowed account, ✓ discount received account

D✓ cash account, ✓ bank account, ✓ discount received account

✓ Correct answer

D: ✓ cash account, ✓ bank account, ✓ discount received account

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 8.

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