Day: July 7, 2023

Accounting Multiple Choice Question – 7 July 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 following events occurred after the year end, but before the financial statements were approved by the directors.

Which is a non-adjusting event?

Select ONE answer:

  1. additional depreciation following a property revaluation
  2. a fire at a warehouse
  3. a major debtor becoming bankrupt
  4. a provision for obsolete stock

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 2

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

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