Business Studies Multiple Choice Question – 25 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 £555 000 Cash inflow £784 000 Cash outflow £872 000

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

 

Select ONE answer:

  1. -£88,000
  2. £229,000
  3. £467,000
  4. £1,339,000

 

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 3 – Opening £555k + £784k inflow = £1,339k then minus cash outflow of £872k finally equals closing balance of -£33k.

 

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