Accounting Multiple Choice Question – 16 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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A sole trader pays private expenses from the business bank account and records them as drawings.

Which accounting principle is applied?

Select ONE answer:

  1. business entity
  2. going concern
  3. matching
  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 1

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

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