Accounting Multiple Choice Question – 4 February 2019

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

The balance sheet of a firm at any particular date is intended to show ……….. ?

Select ONE answer:

  1. the nature of the firm’s business at that date
  2. the identity of the firm’s owners at that date
  3. the financial position of the firm at that date
  4. the physical size of the firm at that date

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

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