Accounting Multiple Choice Question – 17 September 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 draft Balance Sheet shows a bank balance of £1,400.

The following information is now available.

  • cheques issued but not yet cleared by the bank – £150
  • bank charges not in the cash book – £45
  • lodgements in the cash book but not on the bank statement – £220

What is the figure shown on the Bank Statement?

Select ONE answer:

  1. £1,285
  2. £1,355
  3. £1,425
  4. £1,515

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 – £1,400 + £150 – £220 – £45
  2. Not correct
  3. Not correct
  4. Not correct

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