Accounting Multiple Choice Question – 14 May 2020

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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Author: stuart001uk2014

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