Accounting Multiple Choice Question – 2 November 2020

Stock which cost £2,400 has been damaged. It would have sold for £3,600 when perfect. It can be sold for £3,400 if repairs are undertaken at a cost of £1,200. To replace the stock would cost £2,000.

At what value should the damaged stock be shown in the final accounts?

Select ONE answer:

1. £2,000
2. £2,200
3. £2,400
4. £3,600

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 2

1. Not correct
2. Correct – £3,400 – £1,200
3. Not correct
4. Not correct

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