O-LevelAccountingSources and recording of data7707/11 · Oct/Nov 2011 · Q41 Mark

Eli buys goods on credit from Mona. What entries should Eli make in his ledgers?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Ageneral ledger: credit Mona, purchases ledger: debit purchases

Bgeneral ledger: credit purchases, purchases ledger: debit Mona

Cgeneral ledger: debit Mona, purchases ledger: credit purchases

Dgeneral ledger: debit purchases, purchases ledger: credit Mona

✓ Correct answer

D: general ledger: debit purchases, purchases ledger: credit Mona

Oracle Prep sorts past-paper questions by topic, so you can drill Sources and recording of data and see which topics are most likely to come up next.

Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 4.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content