Day: August 17, 2020

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

This work is licensed under a Creative Commons Attribution 4.0 International License.