Accounting Multiple Choice Question – 16 March 2021

Which of the following is a realised gain?

Select ONE answer:

1. a surplus on revaluation of trade investments to current market value
2. a surplus arising from a professional revaluation of the company office block
3. a surplus arising on the sale of patents
4. Goodwill arising on the purchase of another business

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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