O-LevelAccountingSources and recording of data7707/12 · May/June 2021 · Q31 Mark

William paid $500 in cash to Sonia for rent. How did Sonia record this?

Aaccount debited: cash, account credited: rent receivable

Baccount debited: rent receivable, account credited: cash

Caccount debited: rent receivable, account credited: William

Daccount debited: William, account credited: rent receivable

✓ Correct answer

A: account debited: cash, account credited: rent receivable

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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 2, question 3.

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