O-LevelAccountingSources and recording of data7707/12 · May/June 2014 · Q81 Mark

The following account appeared in Sue's ledger. Tony account $ $ May 1 balance b/d 400 May 16 returns 21 12 sales 590 28 bank 284 discount 6 31 balance c/d 679 990 990 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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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 2, question 8.

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