Day: October 29, 2020

The bookkeeper of a company has disappeared. There is no cash in the till and theft is suspected.

The following information is known:

1. £1,500 – cash balance at beginning of period
2. £300,000 – total sales during the period
3. £11,000 – decrease in debtors during the period
4. £192,000 receipts from debtors paid into the bank
5. £10,000 – expenses paid from cash received 

How much has the bookkeeper stolen during the period?

Select ONE answer:

1. £88,500
2. £99,500
3. £110,500
4. £120,500

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 – £1,500 + £311,000 (£300k + £11k) – £192,000 – £10,000 = £110,500
4. Not correct

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