Accounting Multiple Choice Question – 29 October 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 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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