Accounting Multiple Choice Question – 19 April 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 company’s debtors total £42,000 when the debtors’ days are 40.

 The company budgets in the coming year for a 30% increase in turnover and debtors’ days reduced to 30.

What will the budgeted debtors be at the year end?

Select ONE answer:

  1. £24,231
  2. £31,500
  3. £40,950
  4. £43,077

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 ==> £42,000 / 40 = £1,050 * 1.3 * 30 ==> £40,950
  4. Not correct

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