Day: March 23, 2021

The following items below appear on a Balance Sheet. 

The current ratio is 2 : 1.

How much are the debtors? 

Select ONE answer:

1. £4,000
2. £6,000
3. £8,000
4. £10,000

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 3

1. Not correct
2. Not correct
3. Correct ==> (£10K + £4K – £2K) + x / £10k = 2 : 1 ==> x = £8k
4. Not correct

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