Day: June 1, 2023

Accounting Multiple Choice Question – 1 June 2023

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

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The Stafford Accounting club’s income and expenditure (income statement) account for 2022 showed rent and rates as being £4,000.

On 31 December it was noted that rent owing by the club was £600 and rates paid in advance by the club was £800.

What was the amount shown in the receipts and payments account in the cash book for the Stafford Accounting club for rent and rates for the year ended 31 December 2022?

Select ONE answer:

  1. £3,800
  2. £4,000
  3. £4,200
  4. £5,400

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 3

  1. Not correct
  2. Not correct
  3. Correct – £4K – £600 + £800
  4. Not correct

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