O-LevelAccountingSources and recording of data7707/12 · May/June 2022 · Q21 Mark

The following ledger account appeared in the books of Leah, a trader. Amraz account $ April 26 purchases returns 150 30 bank 1900 discount 100 balance c/d 2950 5100 $ April 1 balance b/d 2100 20 purchases 3000 5100 Which statement is correct?

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AAmraz allowed Leah $100 trade discount on 30 April.

BAmraz owed Leah $2100 on 1 April.

CLeah owed Amraz $2950 on 30 April.

DLeah's net purchases from Amraz in April were $2900.

✓ Correct answer

C: Leah owed Amraz $2950 on 30 April.

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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 2, question 2.

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