Accounting Multiple Choice Question – 10 February 2020

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

The net realisable value of an item of stock is its actual or estimated selling price . . .

Select ONE answer:

  1. plus all further costs to completion and all costs to be incurred in marketing, selling and distributing the item.
  2. less all further costs to completion.
  3. less all further costs to completion and all costs to be incurred in marketing, selling and distributing the item.
  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

  1. Not correct
  2. Not correct
  3. Correct
  4. Not correct

 

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