Day: October 1, 2018

Accounting Multiple Choice Question – 1 October 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 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 2 – At 31 July Total debits £3,250 – Total credits £2,250 = difference c/fwd on credit side of £1,000

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