O-LevelAccountingAccounting procedures7707/12 · May/June 2018 · Q51 Mark

Jacob settled the account of Ahmed, a credit supplier. He made the following entries on the credit side of his cash book. | | discount $ | cash $ | bank $ | |:---|:---|:---|:---| | Ahmed | 5 | | 195 | Which entries did Jacob make on the debit side of Ahmed's account?

ABank 195

BBank 200

CBank 195 Discount allowed 5

DBank 195 Discount received 5

✓ Correct answer

D: Bank 195 Discount received 5

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 5.

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