Accounting Multiple Choice Question – 14 December 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 following information relates to a business for a period.

Which amount will be capitalised as the cost of the shop?

Select ONE answer:

  1. £680,000
  2. £687,200
  3. £734,500
  4. £747,000

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 – £60,000 +£7,200 + £47,300
  4. Not correct

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