Day: March 15, 2021

Accounting Multiple Choice Question – 15 March 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 business owner suspects a loss of cash has occurred. He provides the data shown below.

How much cash has been lost?

Select ONE answer:

  1. £200
  2. £250
  3. £300
  4. £350

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 ==> -£150 + £10,200 + £100 – £10,500 = -£350 loss

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