O-LevelAccountingSources and recording of data7707/11 · May/June 2024 · Q41 Mark

The analysis columns of a petty cash book show the following totals. $ postage 20 stationery 31 How should these totals be posted to the ledger?

Acredit bank account with $51

Bcredit postage account with $20 and stationery account with $31

Cdebit cash account with $51

Ddebit postage account with $20 and stationery account with $31

✓ Correct answer

D: debit postage account with $20 and stationery account with $31

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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 2024 Paper 1 Variant 1, question 4.

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