O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2025 · Q41 Mark

An account in Peter's books of account was as follows: Rami [Table with data: bank $380, discount received $20, balance b/d $400, total $400]. Which statement is correct?

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APeter received a discount for buying in bulk.

BPeter received a discount for paying early.

CRami received a discount for buying in bulk.

DRami received a discount for paying early.

✓ Correct answer

B: Peter received a discount for paying early.

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 4.

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An account in Peter's books of account was as follows: Rami [Table with data: bank $380, discount received $20, balance b/d $400, total $400]. Which statement is correct?

✓ Correct answer

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