Accounting Multiple Choice Question – 29 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 items are included in the Balance Sheet of a business.

What is the quick (acid test) ratio?

Select ONE answer:

  1. 1.1 : 1
  2. 1.2 : 1
  3. 1.7 : 1
  4. 2.4 : 1

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 — (£126 + £21) / £87
  4. Not correct

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