Day: September 29, 2018

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

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