Day: June 5, 2023

Accounting Multiple Choice Question – 5 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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What is the purpose of providing for depreciation?

Select ONE answer:

  1. To apply the accruals or matching principle.
  2. To ascertain the true value of non-current assets.
  3. To ensure that money is available for repair of non-current assets.
  4. To provide cash in the business for replacement.

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
  2. Not correct
  3. Not correct
  4. Not correct

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