Accounting Multiple Choice Question – 7 January 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The table shows opening and closing balances for the Rent Receivable account.

During the year, £111 000 rental income was received.

What is the total rent receivable for the year? 

Select ONE answer:

  1. £110,600
  2. £111,000
  3. £112,800
  4. £114,000

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – £111,000 + £4,200 – £1,600 – £2,000 + £2,400

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