Accounting Multiple Choice Question – 14 December 2020

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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