O-LevelAccountingSources and recording of data7707/11 · May/June 2019 · Q41 Mark

A statement of account issued to a customer on 31 March 2019 showed the following information. $ invoices 250 credit note 10 cash discount 5% if payment made within 14 days of date of statement of account The customer made payment on 12 April 2019. How much did the customer pay?

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A$227.50

B$228

C$237.50

D$247

✓ Correct answer

A: $227.50

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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 2019 Paper 1 Variant 1, question 4.

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