O-LevelAccountingSources and recording of dataOct/Nov 2010 · Q121 Mark

The following account appears in the ledger of Chan. Fu account 2010 | $ | 2010 | $\ Aug 28 Bank | 100 | Aug 1 Balance b/d | 100 31 Balance c/d | 250 | 12 Purchases | 250 | 350 | | 350 Which statement is true? A Chan is owed $100 by Fu on 1 August. B Chan paid Fu $100 by cheque on 28 August. C Fu is a debtor of Chan for $250 on 31 August. D Fu purchased goods, $250, from Chan on 12 August.

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2010). The mark or mark type is shown in brackets.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Structured question, 1 mark.
Source: O-Level Accounting, Oct/Nov 2010 Variant 1, question 12.

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