O-LevelAccountingSources and recording of data7707/11 · May/June 2014 · Q41 Mark

A business bought a computer for office use and paid by cheque. How will the business record the transaction?

Aaccount to be debited: bank, account to be credited: office equipment

Baccount to be debited: office equipment, account to be credited: bank

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

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

✓ Correct answer

B: account to be debited: office equipment, account to be credited: bank

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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 2014 Paper 1 Variant 1, question 4.

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