Accounting Multiple Choice Question – 3 March 2020

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

Accounting

At the beginning of an accounting period, a firm was owed £900 by its debtors. At the end of the same accounting period, the firm’s debtors owed £1,500.

During the period, bad debt of £100 was written off and £5,000 was received from credit customers.

The total of the firm’s credit sales for the period was?

Select ONE answer:

  1. £3,700
  2. £4,200
  3. £5,700
  4. £5,900

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

Answer 3:

Debtors
Dr Balance b/d £900
Dr Sales (Credit) £5,700
Dr Totals £6,600
Cr Bank £5,000
Cr Bad Debts £100
Cr Balance c/d £1,500
Cr Totals £6,600

 

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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