Business Studies Multiple Choice Question – 22 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance £10 000 Cash inflow £14 000 Cash outflow £28 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£14,000
  2. -£4,000
  3. £24,000
  4. £38,000

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – Opening £10K + £14k inflow = £24k then minus cash outflow of £28k finally equals closing balance of £4k.

 

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