Accounting Multiple Choice Question – 7 June 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 club charges each of its 100 members an annual subscription of £12.

At the end of a year four members had not paid their annual subscription. 

What will be the entries in the financial statements for subscriptions?

Select ONE answer:

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 ==> 100 * £12 = £1,200 / 4 * £12 = £48 Asset
  4. Not correct

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