Accounting Multiple Choice Question – 31 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 businessman starts trading with a bank balance of £124 000.

The budget for the first three months shows the following:

What is the budgeted opening bank balance at the start of month 3?

Select ONE answer:

  1. £123 000
  2. £158 000
  3. £164 000
  4. £189 000

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – £124k + £30k + £40k – £12k – £13k + £20k

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Author: stuart001uk2014

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

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