O-LevelAccountingAccounting procedures7707/12 · May/June 2017 · Q81 Mark

Sukesh's account in the books of Jack showed the following. [Figure of Sukesh account ledger with dates May 1, 4, 8, 8] Which statements about the transactions on 8 May are correct? 1 Jack made a payment to Sukesh. 2 Jack received a payment from Sukesh. 3 Sukesh allowed a discount to Jack. 4 Sukesh received a discount from Jack.

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A1 and 3

B1 and 4

C2 and 3

D2 and 4

✓ Correct answer

D: 2 and 4

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2017 Paper 1 Variant 2, question 8.

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