Accounting Multiple Choice Question – 5 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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A company had the following assets and liabilities at 31 December 2021.

  • trade receivables – £29,000
  • trade payables – £12,600
  • short-term bank deposit – £8,800
  • bank loan repayable on 1 May 2022 – £20,000
  • bank loan interest unpaid – £500
  • machinery – £19,400

What was the working capital?

Select ONE answer:

  1. £4,700
  2. £6,200
  3. £15,100
  4. £25,700

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 ==> £29,000 +£8,800 – £12,600 – £20,000 – £500
  2. Not correct
  3. Not correct
  4. Not correct

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