Day: November 29, 2021

Accounting Multiple Choice Question – 29 November 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 Suspense account has a balance of £450 debit.

What has caused this balance in the Suspense account?

Select ONE answer:

  1. motor expenses of £225, correctly entered in the cash book, and posted to Motor Expenses as a credit
  2. motor expenses of £225, entered in the cash book as a receipt and posted to Motor Expenses as a credit
  3. motor expenses of £450, correctly entered in the cash book, and posted to Motor Vehicles as a debit
  4. motor expenses of £675, entered in the cash book as a credit of £225 and posted to Motor Expenses as £225 debit

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
  2. Not correct
  3. Not correct
  4. Not correct

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