Accounting Multiple Choice Question – 8 August 2022

Extracts from the Balance Sheets of a company show:

                      at 30 September 2004 £    at 30 September 2005 £

• financed by:
• issued share capital 10 000 15 000
• share premium account – 2 500
• revaluation reserve 500 800
• Profit and Loss Account 3 500 4 200
• debentures 2 000 1 500
• Net Assets 16 000 24 000

What is the net cash movement from “Financing” for the year ended 30 September 2005?

Select ONE answer:

1. £7 000
2. £7 300
3. £7 500
4. £8 000

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 ==> (15,000 – 10,000) + (2,500 – 0) + (1,500 – 2,000)
2. Not correct
3. Not correct
4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor View all posts by stuart001uk2014