Accounting Multiple Choice Question – 5 October 2018

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

 

Select ONE answer:

1. £1,650 credit
2. £1,000 credit
3. £1,650 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 – At 31 July Total debits £6,250 – Total credits £7,900 = difference c/fwd on the debit side of £1,650

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