Accounting Multiple Choice Question – 20 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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Which of the following may be used to smooth distributable profits from one year to another?

Select ONE answer:

  1. asset revaluation reserve
  2. capital redemption reserve
  3. general reserve
  4. provisions for depreciation

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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