Accounting Multiple Choice Question – 28 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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The bank statement of a business showed a bank overdraft of £1,640 on 1 August 2020.

At that date there were uncredited deposits of £380 and un-presented cheques of £460.

What was the cash book balance on 1 August 2020?

Select ONE answer:

  1. £1,560 credit
  2. £1,560 debit
  3. £1,720 credit
  4. £1,720 debit

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 = -£1,640 -£460 + £380
  4. Not correct

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