O-LevelAccountingSources and recording of data7707/11 · May/June 2016 · Q41 Mark

Aldo buys and sells goods on credit. A cheque received by Aldo was dishonoured by the bank. How would he record this dishonoured cheque?

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Aaccount to be debited: bank, account to be credited: credit customer

Baccount to be debited: bank, account to be credited: credit supplier

Caccount to be debited: credit customer, account to be credited: bank

Daccount to be debited: credit supplier, account to be credited: bank

✓ Correct answer

C: account to be debited: credit customer, 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 2016 Paper 1 Variant 1, question 4.

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