O-LevelAccountingSources and recording of data7707/11 · May/June 2012 · Q41 Mark

Winston sold goods on credit to Leroy. Which entries should Winston make in his ledgers?

Asales ledger: credit Leroy, general ledger: debit sales

Bsales ledger: credit sales, general ledger: debit Leroy

Csales ledger: debit Leroy, general ledger: credit sales

Dsales ledger: debit sales, general ledger: credit Leroy

✓ Correct answer

C: sales ledger: debit Leroy, general ledger: credit sales

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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 4.

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