Accounting Multiple Choice Question – 1 November 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 accountant of a computer software business has decided not to include subscriptions owing by customers in the Balance Sheet at the year-end.

Which accounting concept is being applied?

Select ONE answer:

  1. accruals
  2. going concern
  3. money measurement
  4. prudence

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 4

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

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