Accounting Multiple Choice Question – 14 May 2020

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

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Which of the following is NOT normally found in the capital and reserves section of a company’s balance sheet?

Select ONE answer:

  1. Share premium account
  2. Profit and loss account balance
  3. Dividends payable
  4. Ordinary share capital

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 – Dividends payable are a current liability.
  4. Not correct

 

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