Day: November 19, 2023

Accounting Multiple Choice Question – 19 November 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 table shows information for Alex Trading for 31 December 2022.

  • Credit sales invoiced during financial year – worth £80k
  • Goods despatched to customers in December 2022 and invoiced in January 2023 – worth £5k
  • Goods included in sales for December 2022 on a sale or return basis, but only sold in January 2023: at invoice price £10k & at cost price £8k

Which amount will appear in the trading account as sales for the year ended 31 December 2022?

Select ONE answer:

  1. £75k
  2. £77k
  3. £83k
  4. £85k

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 – £80k + 35k – £10k
  2. Not correct
  3. Not correct
  4. Not correct

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