Accounting Multiple Choice Question – 23 October 2021

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

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

Alex Ltd rents its building to Lucy Ltd.


At 31 December 2019, Lucy Ltd owed £4,500 for rent, but at 31 December 2020 had paid £3,200 in advance.

During the year Alex Ltd had received £17,100 in rental from Lucy Ltd.


What is the rental income to be shown in Alex Ltd’s Profit and Loss Account for the year ended 31 December 2020?

Select ONE answer:

  1. £9,400
  2. £15,800
  3. £18,400
  4. £24,800 

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 1

  1. Correct ==> -£4,500 – £3,200 + £17,100
  2. Not correct
  3. Not correct
  4. Not correct

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

Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: