Day: January 11, 2021

Accounting Multiple Choice Question – 11 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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A company has issued 8% debentures redeemable 31 December 2020.


Under which heading should the company show the debentures in its Balance Sheet at 31 December 2021?

Select ONE answer:

  1. authorised capital
  2. creditors : amounts falling due after more than one year
  3. creditors : amounts falling due within one year
  4. issued share capital

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
  4. Not correct

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