O-LevelAccountingSources and recording of data7707/11 · May/June 2023 · Q41 Mark

Ted, a manufacturer, purchased a machine on credit from T Limited. How did Ted record this?

Aaccount debited: T Limited, account credited: machinery

Baccount debited: T Limited, account credited: purchases

Caccount debited: machinery, account credited: T Limited

Daccount debited: purchases, account credited: T Limited

✓ Correct answer

C: account debited: machinery, account credited: T Limited

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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 2023 Paper 1 Variant 1, question 4.

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