Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

Mary's books included the account shown below. Paul's account Debit: April 1 balance b/d $90$ April 14 sales $150$ Credit: April 21 returns $25$ April 30 bank $88$ Discount $2$ Balance c/d $125$ Which of the statements below is correct?

  • AOn 1 April Paul owed Mary $90$.
  • BOn 14 April Paul sold goods, $150$, to Mary.
  • COn 21 April Mary returned goods, $25$, to Paul.
  • DOn 30 April Mary owed Paul $125$.

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