O-LevelAccountingSources and recording of data7707/11 · May/June 2022 · Q41 Mark

Omar sent a credit note to Miriam for goods returned. How would Miriam record this transaction? account to be debited account to be credited

Aaccount to be debited: purchases returns, account to be credited: Omar

Baccount to be debited: sales returns, account to be credited: Miriam

Caccount to be debited: Omar, account to be credited: purchases returns

Daccount to be debited: Miriam, account to be credited: sales returns

✓ Correct answer

C: account to be debited: Omar, account to be credited: purchases returns

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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 2022 Paper 1 Variant 1, question 4.

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