O-LevelAccountingSources and recording of data7707/11 · May/June 2021 · Q31 Mark

Carl, a trader, took goods from the business for his own use. These goods had cost $100, and $8 carriage had been paid for them to be delivered to the business. How would this be recorded in Carl's accounts in the books of the business?

Adebit Carl's capital account $100

Bdebit Carl's capital account $108

Cdebit Carl's drawings account $100

Ddebit Carl's drawings account $108

✓ Correct answer

D: debit Carl's drawings account $108

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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 2021 Paper 1 Variant 1, question 3.

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