Accounting Multiple Choice Question – 14 April 2021

How may a company ‘window dress’ its financial statements?

What will achieve this?

Select ONE answer:

1. amortising Goodwill as soon as it arises
2. failure to write down freehold property following a revaluation shortly after the Balance Sheet date
3. omitting to write down stock which has been stolen after the Balance Sheet date
4. writing off debts before they have become bad

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 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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