O-LevelAccountingSources and recording of data7707/11 · May/June 2012 · Q31 Mark

Chan returns goods to Yeung. How is this recorded in the books of Yeung?

Aaccount to be debited: Chan, account to be credited: sales returns

Baccount to be debited: sales returns, account to be credited: Chan

Caccount to be debited: Yeung, account to be credited: purchases returns

Daccount to be debited: purchases returns, account to be credited: Yeung

✓ Correct answer

B: account to be debited: sales returns, account to be credited: Chan

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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 2012 Paper 1 Variant 1, question 3.

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