Day: December 20, 2020

A business sells some of its stock for £100 on credit to a customer.

The stock originally cost £50. Which statement actually reflects the effect of this transaction on the Balance Sheet?

Select ONE answer:

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

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

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