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O-LevelAccountingVerification of accounting records7707/12 · May/June 2021 · Q111 Mark

A cheque, $85, received from Shakeel, was credited to the account of Shamz. Which journal entry corrects this error?

Adebit bank $85, credit Shakeel $85
Bdebit Shakeel $85, credit Shamz $85
Cdebit Shamz $85, credit bank $85
Ddebit Shamz $85, credit Shakeel $85

✓ Correct answer

A: debit bank $85, credit Shakeel $85

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2021 Paper 1 Variant 2, question 11.

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