Accounting Multiple Choice Question – 17 April 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

apple devices books business coffee
Photo by Serpstat on Pexels.com

The table shows a company’s estimated sales. 

  • February – Cash Sales £10,000  /  Credit Sales – £15,000
  • March – Cash Sales £10,000  /  Credit Sales – £25,000
  • April – Cash Sales £10,000  /  Credit Sales – £35,000

Debtors are expected to pay as follows: 

  • 60 % in month following sale
  • 40 % in second month following sale

How much cash from sales is received in April?

Select ONE answer:

  1. £21,000
  2. £25,000
  3. £31,000
  4. £45,000

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 ==> £10,000 + Feb Sales 15,000 * 0.4 + March Sales 25,000 * 0.6
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.