Accounting Multiple Choice Question – 5 November 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Accounting
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The balance at bank in Lucy’s cash book at 30 June is £24,920 debit.

However, a cheque for £28,940 received from Alex and a cheque for £3,480 paid to Michelle appear in the cash book but not on the bank statement.

Bank charges of £9,000 have not been entered in the cash book.

What is the balance shown on the bank statement at 30 June?

Select ONE answer:

  1. £1,620 credit
  2. £4,340 debit
  3. £5,580 credit
  4. £5,580 debit

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 = £24,920 – £9,000 – £28,940 + £3,480 
  3. Not correct
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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