Day: June 7, 2023

Accounting Multiple Choice Question – 7 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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Which accounting treatments illustrate the use of the matching principle?

  1. valuation of stock at net realisable value rather than cost
  2. using the First In First Out method of valuation each year
  3. charging depreciation on fixed assets

Select ONE answer:

  1. 1, 2 and 3
  2. 1 and 3 only
  3. 2 only
  4. 3 only

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

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