Day: August 2, 2023

Accounting Multiple Choice Question – 2 August 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 transaction applies the matching or accruals concept?

Select ONE answer:

  1. a machine acquired on long-term rental is included in fixed assets
  2. computer equipment is depreciated over two years
  3. a building is revalued following a fall in property prices
  4. a waste-paper basket is treated as revenue expenditure

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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