Accounting Multiple Choice Question – 20 August 2022

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

Accounting
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A company’s convertible loan stock will be converted into ordinary shares on 1 January 2007.

How should the company show it in its Balance Sheet at 31 December 2004?

Select ONE answer:

  1. authorised capital
  2. creditors : amounts falling due after more than one year
  3. creditors : amounts falling due within one year
  4. issued share capital

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
  3. Not correct
  4. Not correct

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Author: stuart001uk2014

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

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