Accounting Multiple Choice Question – 14 September 2020

A club provided the following information at the end of its financial year:

1. rent of premises paid in advance
2. outstanding subscriptions from members

Where will these items appear in the club’s statement of financial position?

Select ONE answer:

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 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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