Accounting Multiple Choice Question – 17 August 2020

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

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What is the purpose of book-keeping?

Select ONE answer:

  1. to interpret the double entry records
  2. to prepare financial statements at regular intervals
  3. to record all the financial transactions of the business
  4. to summarise the financial position of the business

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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