Accounting Multiple Choice Question – 3 March 2022

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

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The sales ledger control account of a business showed a balance of £14,320.

A customer, who owes £1,000, has also supplied the business with £400 of goods.

This was offset against the amount owed by the customer.

What was the sales ledger control account balance after the offset?

Select ONE answer:

  1. £13,720
  2. £13,920
  3. £14,720
  4. £14,920

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 2

  1. Not correct
  2. Correct ==> £14,320 – £400
  3. Not correct
  4. Not correct

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