Accounting Multiple Choice Question – 30 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following debtor account on the 20 July ………..?

Table 25

 

Select ONE answer:

  1. £650 credit
  2. £1,000 credit
  3. £1,300 credit
  4. None of the above

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 3 – At 20 July Total debits £1,950 – Total credits £650 = difference c/fwd on credit side of £1,300

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Accounting Multiple Choice Question – 29 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following creditor account on the 20 June ………..?

 

Table 24

Select ONE answer:

  1. £200 debit
  2. £200 credit
  3. £300 debit
  4. None of the above

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 3 – Total debits at 20 June is only £700 – Total credits £1,000 = difference b/fwd on the debit side at that date of £300

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Accounting Multiple Choice Question – 28 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following creditor account on the 30 June ………..?

 

Table 24

Select ONE answer:

  1. £200 debit
  2. £200 credit
  3. £300 debit
  4. None of the above

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 1 – Total debits at 30 June is only £1,200 – Total credits £1,400 = difference b/fwd on the debit side at that date of £200

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Accounting Multiple Choice Question – 27 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following debtor account on the 20 June ………..?

Table 23

Select ONE answer:

  1. £520 debit
  2. £520 credit
  3. £1,250 credit
  4. None of the above

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 1 – Total debits at 20 June is only £850 – Total credits £330 = difference c/fwd on credit side at that date of £520

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 26 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following debtor account on the 30 June ………..?

Table 23

Select ONE answer:

  1. £520 debit
  2. £520 credit
  3. £1,250 credit
  4. None of the above

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 3 – Total debits £1,650 – Total credits £400 = difference c/fwd on credit side of £1,250

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Accounting Multiple Choice Question – 25 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

What is the balance carried down on the following debtor account on the 31 May ………..?

Table 21

Select ONE answer:

  1. £380 debit
  2. £395 credit
  3. £395 debit
  4. None of the above

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 – Total debits £745 – Total credits £350 = difference c/fwd on credit side of £395

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Accounting Multiple Choice Question – 24 September 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

In the case of a garage which deals with the public, which of the following double-entries is the correct way to record the payment, by cheque, of an electricity bill for the current accounting period ………..?

Select ONE answer:

  1. Account to Debit Bank / Account to Credit Electricity
  2. Account to Debit Electricity / Account to Credit Cash
  3. Account to Debit Electricity / Account to Credit Bank
  4. None of the above

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 3 – All expenses are recorded as debit entries in the relevant expense account and the bank balance is thus reduced as a result through a credit.

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This work is licensed under a Creative Commons Attribution 4.0 International License.