Accounting Multiple Choice Question – 28 December 2022

In the books of Y how could a credit entry of £5,000 in customer X’s account have arisen?

Select ONE answer:

1. X bought goods from Y
2. X returned goods to Y
3. Y made a payment to X
4. Y returned goods to X

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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