Accounting Multiple Choice Question – 3 February 2019

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

The correct heading for the balance sheet of Conspicuous Ltd at the end of December 2018 is “Balance Sheet of Conspicuous Ltd ……….. ?

Select ONE answer:

  1. for the period ended 31 December 2018
  2. for the year ended 31 December 2018
  3. as at 31 December 2018
  4. as at December 2018

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
1 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time
2 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time
4 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time

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