O-LevelAccountingSources and recording of data7707/11 · May/June 2022 · Q51 Mark

The discount column on the debit side of a trader's cash book totalled $1300 and the discount column on the credit side totalled $700. How much discount did the trader receive?

A$600

B$700

C$1300

D$2000

✓ Correct answer

B: $700

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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 5.

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