O-LevelAccountingAccounting procedures7707/12 · May/June 2014 · Q231 Mark

Sara does not keep a full set of accounting records. Which information is needed to calculate her total net purchases?

Acash discount allowed

Bgoods returned by customers

Cgoods returned to suppliers

Dtrade discount allowed

✓ Correct answer

C: goods returned to suppliers

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 23.

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